Citi Completes Sale of Polish Consumer Banking Franchise to Velobank

Deal Summary

Citi has completed the sale of its Polish consumer‑banking franchise, Citi Handlowy, to Velobank, transferring wealth management, micro‑business banking, credit cards, consumer loans, deposits, and 1,600 employees. The transaction, announced in May 2025, was finalized on June 12 2026 and is considered financially immaterial to Citi, with no disclosed sale price.