citi | ABS-CBN News

UnionBank posts P12.7B net income in 2022

ABS-CBN News
Posted at Jan 31 08:50 AM

UnionBank of the Philippines said it posted a net income of P12.7 billion in 2022. Read more »

UnionBank acquires Citi consumer business in PH

ABS-CBN News
Posted at Aug 01 02:30 PM

UnionBank of the Philippines on Monday said it has completed the acquisition of Citi's consumer banking business in the country. Read more »

BSP approves UnionBank acquisition of Citi PH consumer business

ABS-CBN News
Posted at Jul 20 09:06 AM

The Bangko Sentral ng Pilipinas has approved UnionBank's acquisition of Citigroup's consumer business in the Philippines, the bank said Wednesday. Read more »

UnionBank's acquisition of Citi PH consumer banking business gets PCC nod

ABS-CBN News
Updated as of Apr 09 10:34 AM

The Philippine Competition Commission on Friday said it has approved UnionBank's acquisition of Citi Philippines' consumer banking business. Read more »

UnionBank says net income up 9 percent in 2021

ABS-CBN News
Posted at Jan 31 11:23 AM

UnionBank of the Philippines on Monday said it posted a net income of P12.6 billion in 2021. Read more »

Citi to exit consumer banking in Mexico

Agence France-Presse
Posted at Jan 12 08:34 AM

Citi announced Tuesday it will exit its Mexican consumer banking business, the latest reorganization effort to steer the US financial heavyweight towards higher-return ventures. Read more »

UnionBank says Citi consumer business acquisition to boost loan portfolio

ABS-CBN News
Posted at Dec 24 12:09 PM

UnionBank said Friday its announced acquisition of Citi's local consumer business could boost its loan portfolio. Read more »

UnionBank acquires Citigroup’s PH consumer business

ABS-CBN News
Updated as of Dec 23 03:55 PM

UnionBank of the Philippines has acquired the consumer banking business of Citigroup Inc, the Aboitiz-led lender disclosed on Thursday. Read more »

Union Bank says 'no definitive' deal yet for Citi's Philippine consumer, retail banking unit

ABS-CBN News
Posted at Dec 03 02:14 PM

There is no definitive deal signed yet, Union Bank of the Philippines said Friday, pertaining to the reported interest of the lender in acquiring Citigroup's consumer and retail banking business in the country. Read more »

UnionBank in talks with Citi for 'potential acquisition' of PH unit

ABS-CBN News
Posted at Dec 02 02:17 PM

UnionBank is in discussion with Citigroup Inc. for the "potential" acquisition of Citi's consumer banking business in the Philippines, it said Thursday. Read more »

BSP seen keeping rates low for extended period

Jessica Fenol, ABS-CBN News
Posted at Sep 22 03:15 PM

The BSP is likely to maintain an accommodative monetary policy for an "extended period of time," an official of Citi Philippines said. Read more »

Nadal battles to victory in return from 2-month layoff

Jim SLATER, Agence France-Presse
Posted at Aug 05 11:29 AM

Rafael Nadal made a triumphant return from a two-month injury layoff on Wednesday. Read more »

ADB, Citi, HSBC, Prudential hatch plan for Asian coal-fired closures: sources

Clara Denina and Melanie Burton, Reuters
Updated as of Aug 03 07:31 PM

Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia's coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said. Read more »

Citigroup profit beats estimates on reserve release

David Henry and Anirban Sen
Posted at Jul 15 09:30 AM

Citigroup Inc comfortably beat market estimates for second-quarter profit on Wednesday as the economic recovery allowed the bank to release loan loss reserves and offset a plunge in revenue from lower trading and credit card lending. Read more »

Tennis: Nadal to return to action at Citi Open

Reuters
Posted at Jul 08 09:53 PM

Reuters World number three Rafa Nadal will return to action for the first time in more than a month at the Citi Open in Washington, organisers said on Thursday, as the Spaniard looks to put his French Open semi-final defeat by Novak Djokovic behind him. Read more »

This ex-tricycle driver now sells 400 kilos of fried chicken every day

RHIA GRANA
Updated as of Jun 22 09:52 AM

With the earnings from his fried chicken business, Joymar Olarte was able to buy five tricycles, a 4x4 Suzuki multicab, a Mitsubishi L-300, and a 600-square meter lot.   Read more »

Bangko Sentral 'coordinating' with Citibank as Citigroup trims retail banking business

ABS-CBN News
Posted at Apr 23 12:07 PM

The Bangko Sentral ng Pilipinas said Friday it was coordinating with Citi Philippines after the global Citigroup earlier announced the planned exit of its retail banking business in the country.    Read more »

Citigroup trims global consumer banking profile as earnings jump

Agence France-Presse
Posted at Apr 16 11:08 AM

Most of the markets being exited are in Asia, where Citigroup's global consumer banking business at the end of 2020 had $6.5 billion in revenues and $123.9 billion in deposits.   Read more »

Citi declares 'Zoom-Free' Fridays amid pandemic work fatigue

Agence France-Presse
Posted at Mar 24 09:15 AM

Citi will institute "Zoom-Free Fridays" and establish an employee day-off in May as firms seek to restore work-life balance amid the pandemic, the bank's new chief executive announced Tuesday. Read more »

New credit card deals aim to help jumpstart recovery of restaurant industry

ABS-CBN News
Posted at Nov 30 04:00 PM

Citi Philippines recently introduced its lineup of dining promotions to help restaurant owners as well as consumers to slowly adapt to the "new normal" brought about by the COVID-19 pandemic.  Read more »