Citi Indonesia has seen a significant increase in customer deposits between 2020 and 2022. Unfortunately, the net income was almost halved by 2022, which can probably be attributed to the effects of the Covid Pandemic that slowed business income temporarily. Hopefully, the 2023 report will show a more positive change in income and that customer deposits continue to remain stable for the buyout by UOB. If customers are under the false impression that Citi Indonesia has financial problems, they might start switching to other banks before the change.
