<ul><li>Citi Handlowy, a Polish banking business majority-owned by a Citigroup subsidiary, plans to sell its consumer banking business to VeloBank S.A.</li><li>The transaction, expected to close by mid-2026, is part of Citi's strategic refresh involving sales and wind downs of international consumer businesses.</li><li>The deal excludes Citi Handlowy's institutional businesses, which the bank will continue to invest in and grow.</li><li>Citi's focus on simplifying its firm has led to changes in its global retail banking, including exiting the consumer banking market in Mexico and selling consumer banks in several countries.</li></ul>

Citi to Sell Polish Consumer Banking Business Amid ‘Strategic Refresh’

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