UnionBank (Philippines)
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Citibank
Citi, enabling growth and progress in the Philippines for more than 120 years. Citi’s history in the Philippines dates back to July 1902, when the International Banking Corporation, forerunner of Citibank, established a branch in Manila. Today, with over 7,000 employees, Citi Philippines proudly serves the public sector, top-tier local ...
Dec 23, 2021 · Manila - Citi today announced it has reached agreement with UnionBank of the Philippines (hereafter "UnionBank") on the acquisition of Citi's consumer banking franchise in the Philippines.
Citibank Philippines was the Philippines branch of Citibank. In July 1902, the International Banking Corporation, a predecessor to Citibank, opened its first branch in Manila. It was the largest commercial bank in the Philippines. One of its largest investments in the country is the site building in Bonifacio Global City, Taguig.
Aug 2, 2022 · Citi recently announced that it has successfully completed the sale of its Philippines Consumer Business to UnionBank of the Philippines. If you’re a customer of Citi and you’re wondering what will happen to your credit card, loans, and deposits, here’s an explainer.
Aug 1, 2022 · Transaction Marks Completion and Closing of Second Divestiture as Part of Citi's Strategy Refresh. Manila – Citi today announced it had successfully completed the sale of its Philippines Consumer Business to UnionBank of the Philippines (hereafter "UnionBank").
Apr 16, 2021 · Citi is already building a giant 30,000-square-foot wealth advisory hub in Singapore, the largest in the bank’s network. Citi’s institutional banking arm focuses on private banking, cash management, investment banking, and trading businesses.
Mar 24, 2024 · MANILA, Philippines – After acquiring Citi’s consumer business in 2022, UnionBank is now migrating Citi-branded accounts to its systems.
Dec 23, 2021 · After months of hearsay, it’s finally official: UnionBank of the Philippines will acquire Citigroup’s consumer banking business in the Philippines. The local bank has entered a Share and Business Transfer Agreement with the various subsidiaries of Citigroup Inc. to complete the acquisition.
Dec 23, 2021 · Brokerage Philippines, Inc., and (iii) and the sale of Citibank Square building. UnionBank will pay a cash consideration for the net assets of the Citi Philippines consumer business (subject to customary closing adjustments) plus a premium of PHP 45.3 billion.
