BDO, BPI express interest in Citi Philippines' retail biz
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Metro Manila (CNN Philippines, April 23) — Two of the country's largest banks are eyeing to absorb the consumer banking business of Citi Philippines, as the American investment bank has decided to end its operations in several markets.
A top official of Sy-led Banco de Oro Unibank, Inc. on Friday said the group may explore opportunities and pursue the retail and consumer business of Citi Philippines.
"We will likely take a look at it," BDO president and chief executive officer Nestor Tan said during the lender's virtual annual stockholders meeting.