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- In August 2022, Citi announced the wind down of its Russia consumer and local CCB including the pursuit of portfolio sales and in October 2022 Citi announced that AO Citibank has agreed to sell a portfolio of ruble-denominated personal installment loans to Uralsib, a Russian commercial bank.
www.citigroup.com/global/about-us/global-presence/russia
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Oct 14, 2022 · Citigroup on Friday announced plans to shut down its institutional banking operations in Russia as Vladimir Putin’s assault on Ukraine stretches into its seventh month. Citi had said in August...
We are moving with urgency to complete our assessment of our operations in Russia. In April 2021, we announced our intent to exit our consumer business in the country.
Mar 14, 2022 · Citi’s latest announcement comes after Goldman Sachs and JPMorgan announced last week they will leave Russia. Deutsche Bank on Friday said it will get out of Russia, reversing its previous...
Aug 25, 2022 · Citi announced its plan to exit Russia consumer banking in April 2021 as part of its global strategic refresh to exit consumer franchises in 14 markets in Asia, Europe, Middle East and Africa, and Mexico.
Feb 28, 2022 · Citigroup also said it has $1.6 billion of exposures to additional Russian counterparties outside of its Russian subsidiary that are not included in the $8.2 billion.
Feb 28, 2022 · Citigroup discloses near-$10bn exposure to Russia as sanctions tighten. US bank’s business faces greater direct risks tied to war in Ukraine than Wall Street rivals. Customers queue inside a...