Insular Life Assurance Co. Ltd. (InLife) Executive Chairman Nina Aguas, first female regional audit director in Citibank as well as the first woman country manager in Citibank Philippines, shares her excitement after Union Bank of the Philippines (UnionBank) announced that it has entered into an agreement with Citigroup Inc. (Citi) to acquire Citi's consumer banking business in the country. Together with the Aboitiz and SSS, Insular Life Assurance is a key shareholder in UnionBank.
Citi started in the Philippines in July 1902 when the International Banking Corp., forerunner of Citibank, established a branch in Manila. Today, Citi Philippines is the largest foreign bank in the country in terms of customers, assets, and revenues.
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