22-10-2021, 07:51 AM
PUBLISHEDOCT 21, 2021, 8:44 AM SGT
HONG KONG (BLOOMBERG) - DBS Group Holdings, UOB and Standard Chartered Bank are among the lenders planning to bid for Citigroup consumer banking assets in Asia as the United States lender divests units across five markets in the region
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Binding bids for Citigroup's retail assets in Indonesia, the Philippines, Taiwan and Thailand are due on Friday (Oct 22), while offers for the India unit are due next week
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Citigroup's Taiwan consumer assets could fetch about US$2 billion in a sale, the people said. DBS, StanChart, Cathay Financial Holding and Fubon Financial Holding are set to lodge bids
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Taiwan's government will monitor and prevent Citigroup from transferring high-net-worth clients in Taiwan to its units in Hong Kong and Singapore
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Bangkok Bank is planning to make an offer for Citigroup's Thai assets
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Bank of Ayudhya, owned by Japanese lender Mitsubishi UFJ Financial Group, is also weighing a bid
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Citigroup has set a bid deadline next week for its Indian consumer assets, which could be valued about US$2 billion in a sale, the people said.
Kotak Mahindra Bank, which is controlled by the world's richest banker, Mr Uday Kotak, is planning to bid for the assets, the people said. HDFC Bank and ICICI Bank are also weighing bids, they said.
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DBS is planning to bid for Indonesia, while Singapore rival UOB is considering making an offer
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Malayan Banking is also weighing a bid
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BDO Unibank, Metropolitan Bank & Trust, Bank of the Philippine Islands and Union Bank of the Philippines are mulling offers for Citigroup's Philippines assets
https://www.straitstimes.com/business/ba...-stanchart
HONG KONG (BLOOMBERG) - DBS Group Holdings, UOB and Standard Chartered Bank are among the lenders planning to bid for Citigroup consumer banking assets in Asia as the United States lender divests units across five markets in the region
......
Binding bids for Citigroup's retail assets in Indonesia, the Philippines, Taiwan and Thailand are due on Friday (Oct 22), while offers for the India unit are due next week
......
Citigroup's Taiwan consumer assets could fetch about US$2 billion in a sale, the people said. DBS, StanChart, Cathay Financial Holding and Fubon Financial Holding are set to lodge bids
......
Taiwan's government will monitor and prevent Citigroup from transferring high-net-worth clients in Taiwan to its units in Hong Kong and Singapore
......
Bangkok Bank is planning to make an offer for Citigroup's Thai assets
......
Bank of Ayudhya, owned by Japanese lender Mitsubishi UFJ Financial Group, is also weighing a bid
......
Citigroup has set a bid deadline next week for its Indian consumer assets, which could be valued about US$2 billion in a sale, the people said.
Kotak Mahindra Bank, which is controlled by the world's richest banker, Mr Uday Kotak, is planning to bid for the assets, the people said. HDFC Bank and ICICI Bank are also weighing bids, they said.
......
DBS is planning to bid for Indonesia, while Singapore rival UOB is considering making an offer
......
Malayan Banking is also weighing a bid
......
BDO Unibank, Metropolitan Bank & Trust, Bank of the Philippine Islands and Union Bank of the Philippines are mulling offers for Citigroup's Philippines assets
https://www.straitstimes.com/business/ba...-stanchart