Reginal Thomas
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

Five Banks Interested in Acquiring Citi's Czech retail operations

Five Czech banks are interested in bidding for Citigroup’s retail operations in the Czech Republic. Erste Group’s Ceska Sporitelna, Societe Generale’s Komercni Banka, KBC’s CSOB, Raiffeisenbank and local bank Fio Banka have shown official interest in participating in a tender for the business. The business comprises services for tens of thousands of customers. Citi is a strong player in the credit card business in the country. Back in October, Citi said it was pulling out of consumer banking in 11 markets, including Czech Republic. Citi will keep its corporate banking business in the country.