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TISCO Financial unit completes loan portfolio sale

TISCO Bank PCL, a unit of TISCO Financial Group PCL, completed the sale of its loan portfolio to Citibank NA - Bangkok Branch.

Clients of the personal loan portfolio will be serviced by Citi beginning June 4, according to a same-day release.

Meanwhile, TISCO Financial unit All-Ways Co. Ltd. is expected to complete the sale of its credit card business to Citi by the end of the year.