July 19, 2022 |
Mexican bank Citibanamex may announce a shortlist of bidders this week and name a buyer in the third quarter this year, a column in local business newspaper El Financiero reported on Monday.
US financial services group Citi said earlier this year that it intended to sell its consumer lending business in Mexico and focus instead on corporate and private banking. CEO Manuel Romo said in February that Citibanamex could pick a winning bidder by the end of 2022 and conclude the transaction in 2023.
Citi could name a buyer for its commercial banking business in Mexico in the third quarter this year