Citi sells Greek retail business to Alpha Bank

|By:, SA News Editor

Unloading more Citi Holdings assets, Citigroup (C) sells its Greek retail operation to Alpha Bank (ALBKY) for a reported €2M. The sale includes about $600M of GAAP assets, 480K customers, $1.4B in deposits, and $540M in loans.

Citi says the sale is part of a plan to expand its focus on corporate and shipping clients in the country.