Citi's Polish unit to sell consumer banking business to Velobank
Published by Global Banking & Finance Review®
Posted on May 27, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on May 27, 2025
1 min readLast updated: January 23, 2026
Citi's Polish unit sells its consumer banking business to Velobank, aligning with its strategy to exit non-core retail markets.
(Reuters) -Citigroup said on Tuesday its Polish unit has agreed to sell its consumer banking business in the country to Velobank, as the Wall Street giant nears the end of a years-long effort to exit non-core retail banking markets.
The third-largest U.S. lender added that while the transaction is financially immaterial to the company, it is expected to result in a modest regulatory capital benefit at closing.
(Reporting by Manya Saini in Bengaluru; Editing by Vijay Kishore)
Citigroup's Polish unit has agreed to sell its consumer banking business to Velobank.
The transaction is financially immaterial to Citigroup but is expected to provide a modest regulatory capital benefit at closing.
The article was reported by Manya Saini in Bengaluru.
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