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Uralsib is interested in buying Citibank's loan portfolio

Uralsib Bank wants to buy the assets of the Russian division of the American Citibank.

This is reported by RBC with reference to sources in the financial market. Uralsib is considering buying only a retail loan portfolio, and not the entire bank, one of them stressed. A Citibank representative declined to comment. RBC has sent requests to Uralsib and Citigroup," the publication reports.

On August 25, Citigroup announced its intention to completely stop servicing retail and corporate clients from the segment of small and medium-sized businesses in Russia. The Group also did not rule out the sale of loan portfolios.

Read more interesting news in our Telegram channelAuthor: Andrey Karabanov

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