Citigroup Sees a Post-Coronavirus Opportunity in Commercial Lending
Somewhat counter to the current conservative trend in big banking, Citigroup (NYSE: C) plans to expand its commercial loan book -- at least in a major market abroad. A Reuters article published Monday revealed that the major U.S. bank hopes to beef up its business lending unit, which focuses on enterprises with annual revenue of $25 million to $2.5 billion.
Specifically, Citigroup's target is its Europe, Middle East, and Africa (EMEA) operational region, with an emphasis on Europe.
Image source: Citigroup.
Source Fool.com
