Citigroup’s strategy update provides exit from the retail segment in 13 countries in Asia and the EMEA region, including Poland, the bank said.
In the Citigroup presentation we read that the strategy update provides, among others, “seeking to exit from consumer activities in the following 13 Asian and EMEA markets: Australia, China, India, Indonesia, Kora, Malaysia, Philippines, Taiwan, Thailand, Vietnam, Bahrain, Poland, and Russia.”
Bank Handlowy announced in a separate announcement, in reference to the information provided by Citigroup on April 15, 2021 regarding the planned changes to the retail banking strategy, that these changes also apply to retail banking in Poland.
The bank will formally request Citigroup, as its strategic shareholder, to learn about the details of the planned changes. At the same time, the bank emphasizes that it continues to service all customers on a day-to-day basis, ensuring the highest standards and quality of its products and services. in the area of institutional banking.
Citi Handlowy was created from the merger of Bank Handlowy in Warsaw – the oldest commercial bank in Poland and Citibank (Poland) S.A. In addition to classic banking services, the offer of the capital group includes capital market services and products offered by a brokerage house and leasing products. The bank has been listed on the WSE main market since 1997. The bank’s total assets amounted to PLN 60.9 billion at the end of 2020.
