Citigroup Withdraws From A Series Of Markets Including Vietnam

A source said Citibank Korea Inc., branch in Korea of Citigroup Inc. (USA), will make a decision on the transfer plan of the retail banking array next week to 9: 00/1: 22nam southern statue of Citibank. Photo: Reuters, Citibank Korea will hold a meeting of the board on August 26 to and confirm the resale of retail banking. According to the above source, four financial companies have conducted jury Retail bank array of Citibank Korea

. News also said that some potential investors have sought to acquire credit card department and asset management department, instead of buying all retail banking Meanwhile, Citibank Korea's union supported the plan to sell the entire retail segment. It was the end of last year, Citibank Korea recruited about 3,500 employees and retail banks of this branch Salary for about 2,500 people.Citigroup opened its first branch in Korea in 1967 and established Citibank Korea Inc
In 2004 after acquiring Koram Bank, the April Bank, Citigroup announced a significant narrowing plan in the global consumer banking bank, and turned the focus to the asset management array .Citigroup will withdraw from China, India and 11 other retail markets, where Citi does not have the necessary scale to be able to compete.11 This market includes Australia, Bahrain, Indonesia, Korea, Malaysia, Philippines, Netherlands, Russia, Taiwan Territory (China), Thailand and Vietnam./. My My (According to Yonhap)

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