MADRID – In a similar move to
that of Barclays,
Citibank has also decided to sell off its retail business by selling it to
Banco Popular, who will be integrating it into its online division, citibank.es In Spain the US
bank, once one of the largest in the world, operated mainly in the credit card
business, Citi Oro and Visa Cepsa (both free even without an account at the bank),
of which they emitted over a million.//Banco Popular has stated that it will
maintain the same conditions for the cards and customers will not notice any
difference, as they will continue to operate in the same way as Citibank.
However, it remains to be seen whether this will continue into the future,
given that the contracts for the cards are of indefinite duration (See our article on Barclays. Also, the
Cepsa Visa, obtainable at Cepsa petrol stations and being a shared brand, we
shall see if the agreements with the oil company remain the same -- watch this space (and please tell us if you have any news on the subject!)
