By Kimberly Chin

Citigroup Inc. said Tuesday it plans to exit its consumer, small business and middle-market banking operations in Mexico, part of the company's push to divest some parts of its international business to focus on core areas such as private banking and wealth management.

The exit may include a sale or public market alternative, the U.S. bank said. The company didn't give specific timing for the exit.

Citi said it will continue to operate a locally licensed banking business in the region through its global institutional clients group.

Last year, the bank said it would exit its consumer franchises in 13 overseas markets.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

January 11, 2022 16:40 ET (21:40 GMT)

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