LONDON--(BUSINESS WIRE)--Citi today signed an agreement with Commercial International Bank (CIB) to sell its consumer banking business in Egypt. The sale, which is subject to regulatory approvals, is targeted to close later in 2015. Approximately 900 full time consumer banking and contract employees, eight Citi branches and the ATM network in Egypt will also transfer to CIB upon closing. Citi intends to focus on expanding the services it offers to Egyptian corporations, banks and public sector
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