Citi sells its Argentinian consumer business to Banco Santander

Features Reuters

A woman enters a Citibank branch in Buenos Aires, Argentina, February 19, 2016. REUTERS/Marcos Brindicci (Copyright Reuters 2016)

Citigroup agreed to sell its consumer business in Argentina to Banco Santander Rio, for an undisclosed amount.

Continue Reading Below

Citi said on Sunday that the sale would include about $1.4 billion of its assets, including credit card, personal loans and retail brokerage business in Argentina.

On Saturday Citi also agreed to sell its Brazilian assets to Ita�� Unibanco Holding SA for 710 million reais ($220.43 million).

($1 = 3.2210 reais)

(Reporting by Parikshit Mishra in Bengaluru; Editing by Alan Crosby)