Which bank will take over Citibank Malaysia?

Which bank will take over Citibank Malaysia?

On 14 January 2022, UOB announced that they won the bid to take over Citibank consumer business in Malaysia, Indonesia, Thailand and Vietnam. The acquisition of Citibank in Malaysia, Indonesia, Thailand and Vietnam will cost UOB about S$5 billion (about RM15. 5 billion or USD 3.72 billion).

How do I contact Citibank Malaysia?

Alternatively, you could phone us at anytime with CitiPhone Banking: 03-2383 0000 03-2383 0000 (Kuala Lumpur) 04-296 0000 04-296 0000 (Penang) 07 340 6000 07 340 6000 (Johor Bahru)

Is Citibank still in Malaysia?

A Citibank branch in New York, U.S., on Friday, Jan. 7, 2022. Citigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to Singapore’s United Overseas Bank, the banks announced Friday.

Is Citibank listed in Malaysia?

Citibank Berhad operates as a subsidiary of Citigroup Holding (Singapore) Private Limited. Commencing its banking operations in Malaysia in 1959, Citibank Berhad was locally incorporated in 1994….Citibank (Malaysia)

Citibank Tower, Kuala Lumpur, Malaysia
Type Berhad, Licensed Banking Institution.
Industry Banking, Financial services

What is happening with Citibank Malaysia?

Citi has agreed to sell its consumer banking business in Malaysia to United Overseas Bank (UOB), along with those in the Indonesia, Thailand, and Vietnam market. Amounting to S$4.9 billion (approximately RM15.

How do I email Citibank Malaysia?

For e-mail i. Provide acknowledgement response within 24 hours (if the email is addressed to [email protected].

How do I talk to a person at Citibank?

You can also view all open and closed disputes or cancel an existing dispute. To manage a dispute on your ATM /Debit card account, please Contact Us through Chat or call us at 1-888-248-4226; Text Telephone (TTY): 1-800-945-0258. A representative will help you with your claim. Was this information helpful?

Is Citibank under UOB?

UOB has agreed to acquire Citi’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam. United Overseas Bank UOB announced on Friday January 14 that it has entered into an agreement with Citi to acquire the US bank’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam.

Why Citibank is closing?

3) What is the rationale behind the decision? Recently, Citi announced its decision to focus its Global Consumer Bank presence in Asia, Europe and the Middle East to key global wealth centers and exit 13 other markets. In line with this, Citi will pursue an exit from its consumer franchise in India.

Is my money safe in Citibank?

Your deposits are insured by Deposit Insurance and Credit Guarantee Corporation (DICGC), the second oldest deposit insurer of the world, quietly taking care of the interest of depositors, particularly small depositors. It is a wholly owned subsidiary of the RBI, created by an Act of Parliament.

Is DBS buying Citibank?

Singapore, Taiwan, 28 Jan 2022 – DBS Bank Ltd (DBS) announced today that it has agreed to acquire the consumer banking business of Citigroup Inc (Citi) in Taiwan (Citi Consumer Taiwan) via a transfer of assets and liabilities, and will pay Citi cash for the net assets of Citi Consumer Taiwan plus a premium of SGD 956 …

Which Bank will take over Citibank?

Axis Bank
Axis Bank will acquire the consumer banking businesses of Citibank India, which includes credit cards, retail banking, wealth management and consumer loans. Axis Bank will acquire Citi’s consumer businesses in India for a cash consideration of approximately $1.6 billion, Citi announced in a press release.

Is Citibank covered by government guarantee?

The government covers a mixture of banks, building societies and credit unions incorporated in Australia, including Citibank. This means if you deposit up to $250,000 into one or more of the selected institutions, those monies are guaranteed for repayment.

Has Citibank Been Hacked?

Hackers have stolen data from thousands of Citibank customers in the US, the bank has confirmed. The breach exposed the names of customers, account numbers and contact information. But other key data, such as date of birth and card security codes were not compromised, the bank said in a statement.