Binding bids for Citigroup’s retail assets across Asia are due within the coming week with interest drawn from both fellow global banks and local players.

Binding bids for Indonesia, the Philippines, Taiwan and Thailand are due on Friday, according to a «Bloomberg» report citing unnamed sources, with offers for India due next week. 

Deliberations are ongoing and potential buyers could decide not to proceed with their offers.

This is part of Citi’s ongoing plans to unload its retail assets in 13 markets across Asia and Europe, the Middle East and Africa with its Australian unit sold to NAB in August.

Taiwan

A sale of Citi’s Taiwan retail assets could raise about $2 billion to $4 billion, according to the report, depending on which assets are included. 

In April, Taiwan’s government said it would monitor and prevent Citi from transferring high net worth clients to its units in Hong Kong and Singapore.

Banks planning to make bids include DBS, Standard Chartered, Cathay Financial Holding Co and Fubon Financial Holding Co., the report added.

Thailand

Citi’s Thailand assets is valued at over $2 billion with Bangkok Bank planning to make an offer.

Mitsubishi UFJ-owned Bank of Ayudhya is also weighing a bid. 

Indonesia

The Indonesia unit is valued at as much as $1 billion with DBS planning to make an offer. 

UOB and Malayan Banking are also making considerations on bidding. 

Philippines

The Philippines unit is also valued at as much as $1 billion with BDO Unibank, Metropolitan Bank & Trust Co, Bank of the Philippine Islands and Union Bank of the Philippines all making considerations on extending an offer. 

India

Valued at about $2 billion, Citi’s India consumer assets are expected to attract a bid from Kotak Mahindra Bank.

HDFC Bank and ICICI Bank are also weighing bids.