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Michal GajewskiLender Santander BP is seeing the first signs of recovery in loan sales, CEO Michal Gajewski told an earnings conference. We are seeing the first good signals, sales of products are slowly recovering, Gajewski said, pointing mainly to mortgages and cash loans.
In corporate loans, demand for credit remains limited but overdraft sales are rising, which the CEO sees äs the first signs of recovery. Also, clients are returning to talks about new financing more and more often.
Santander BP increased cash loan sales by 16% quarter on quarter to PLN 1.58 billion in Q1 21, while new mortgage loan sales grew 9% quarter on quarter to PLN 1.39 billion in Q1, with the bank calling out strong sales growth in March.
Citi retail units seen fetching $6bn as sales kick off
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Citi retail units seen fetching $6bn as sales kick off
Citigroup ultimately plans to exit retail-banking operations in Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam
April 25, 2021
Citigroup could fetch as much as $6bn from the sale of retail banking assets in 13 markets across the Asia-Pacific region, Europe and the Middle East as the lender forges ahead with plans to fine-tune its global branch network, people familiar with the plan said.