UOB completes acquisition of Citi's consumer banking business in Malaysia


KUALA LUMPUR: Announcing the completion of its Malaysia and Thailand acquisitions, United Overseas Bank Ltd (UOB) said it is working towards a smooth transition of Citigroup's consumer banking units with a plan for full system integration in 12 to 18 months.

With acquisitions in Indonesia and Vietnam ongoing, the Singapore-based lender said it expects to complete the transactions in the two markets in 2023.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Oil windfall with a catch
Brewing green
JF Tech: Passing the growth test
TNB takes the charge� �and the cost
Malaysia needs more white knights�
The growth trajectory of M-REITs
City data in real time
TRUST AS THE NEW COMPETITIVE ADVANTAGE IN MALAYSIA'S AI ECONOMY
AI’s trillion-dollar gamble
Slow turn in earnings

Others Also Read