UOB completes buying Citi’s M’sia consumer banking ops


PETALING JAYA: 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.

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