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Citigroup Arm Enters Deal to Exit Consumer Banking Business in Poland
CCiti(C) ZACKS·2025-05-29 00:56

Citigroup Inc.’s (C) , through its subsidiary Citibank Europe Plc, announced that Citi Handlowy has announced an agreement to sell its consumer banking business in Poland to VeloBank S.A (Velobank). This transaction aligns with Citigroup’s broader strategy to exit consumer banking and strengthen its focus on core operations.Details of the C’s DealThe agreement involves the demerger of Citi Handlowy’s consumer banking operations, including wealth management, micro business banking, credit cards, consumer loa ...