Leading US bank makes deal with sanctioned Russian lender ...News

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Leading US bank makes deal with sanctioned Russian lender
source : Russia Today ( News ) () 63
Citibank will transfer its Russian credit card portfolio to Uralsib Major US lender Citigroup has made a deal to transfer the credit card portfolio of its Russian unit (Citibank) to commercial bank Uralsib, several media outlets reported on Tuesday, citing Citibank’s press service. Privately-owned Uralsib is among Russia’s top 30 banks by assets. According to a statement from Citibank, the transfer of the credit card portfolio will occur on condition that card holders agree to the action. “Citigroup has entered into an agreement with PJSC Bank Uralsib, under which, subject to their consent, existing credit card ho

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