PHILIPPINES' BDO UNIBANK ACQUIRES CITI'S THRIFT BANK UNIT
By Editor
Nov 13, 2013 07:41 PM EST
Regions
The Philippines' largest lender BDO Unibank Inc said on Thursday it had signed a definitive agreement for the acquisition of Citibank's thrift bank unit in the country.
The acquisition of Citibank Savings Inc, which has 10 branches in the Philippines including eight in Manila, is still subject to closing conditions and the Philippine central bank's approval, BDO said in a filing to Manila's stock exchange.
It gave no financial details.
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