Feb 13 (Reuters) - Citigroup's former Russian unit, AO Citibank, said on Friday it would change its name to RenCap Bank following its planned sale to Renaissance Capital.
Citigroup announced in 2022, following the start of the war in Ukraine, that it was reducing its operations and exposure in Russia. In December last year, its board approved the sale of the Russian unit to Renaissance in a deal that would lead to a pre-tax loss of about $1.2 billion.
(Reporting by Elena Fabrichnaya, writing by Mark TrevelyanEditing by Andrew Osborn)
