In a disclosure to the Philippine Stock Exchange, UnionBank said it received a notice from the BSP dated July 18, 2022 “approving the acquisition by UnionBank of Citigroup's consumer business in the Philippines, which acquisition is composed of selected consumer assets and liabilities, real estate properties and interests of Citi Square Building Corp., and 100% of the capital stock in Citicorp Financial Services and Insurance Brokerage Philippines Inc.”
UnionBank to close Citi deal next month philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
Aboitiz-led Union Bank of the Philippines’ planned acquisition of American banking giant Citigroup Inc.’s consumer banking business in the country has secured the go signal from the Philippine Competition Commission (PCC).
The virtual event was hosted by Citicorp Financial Services and Insurance Brokerage Philippines Inc. (CFSI) President Ramon Melchor Tejero, with Citi Philippines CEO Aftab Ahmed welcoming around 600 clients in attendance.
Fund managers are bullish about the prospects of the Philippines at the 2022 Citigold Annual Chinese New Year Market Outlook Webinar hosted by Citi.The virtual event was hosted by Citicorp Financial Services and Insurance Brokerage Philippines Inc. (CFSI) President Ramon Melchor Tejero, with Citi Philippines CEO Aftab Ahmed welcoming the around 600 clients in attendance.