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Citigroup Inc announces agreement to sell Consumer Bank in greece


Friday, 13 Jun 2014 03:38am EDT 

Citigroup Inc:Says that it has signed an agreement with Alpha Bank to sell its consumer banking business in Greece along with its Diners Club of Greece SA credit card operations.Says the sale includes about $600 million in GAAP assets, 480,000 customers, $1.4 billion in deposits and $540 million in customer receivables (cards & loans).Also about 730 consumer banking employees and the Citi branch and ATM network in Greece will transfer to Alpha Bank.The sale is expected to close in the third quarter of 2014.