Public joint stock company BANK URALSIB (MISX:USBN) agreed to acquire Portfolio of Ruble-Denominated personal installment loans from Joint Stock Company Commercial Bank Citibank on October 28, 2022. Citi has also agreed to transfer to Uralsib a portfolio of ruble-denominated credit card balances, subject to customer consents. No employees or branches are expected to transfer as a result of these transactions.

Jeffrey A. Brill of Skadden, Arps, Slate, Meagher & Flom LLP is acting as CitiÆs legal advisor. The consumer loans are expected to be transferred by end of 2022 and credit cards during the first half of 2023.