Mergers & Acquisitions
Retail Banking
Uncategorized
Citibank Egypt announces agreement to sell retail banking and cards businesses in egypt
Citibank N.A. Egypt today signed an agreement with Commercial International Bank (CIB) to sell its retail banking and cards businesses in Egypt. The sale, which is subject to regulatory approvals, is targeted to close later in 2015. Approximately 900 full time consumer banking and contract employees, eight Citi branches and…
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Source: Citi