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Uralsib completes purchase of Citi’s Russian consumer loan portfolio


Uralsib completes purchase of Citi’s Russian consumer loan portfolio By Reuters

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Economy 9 minutes ago (Dec 12, 2022 14:58)

© Reuters. FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Segar//File Photo

MOSCOW (Reuters) – Russian commercial bank Uralsib on Monday said it had completed the acquisition of a portfolio of consumer loans from Citigroup Inc (NYSE:C)’s Russian unit, as the major U.S. lender reduces its exposure to Russia on the way to a full exit from the country.

Neither bank has disclosed financial details of the deal.

Uralsib completes purchase of Citi’s Russian consumer loan portfolio

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