SunStar BSP to monitor Citi's PH exit; BPI eyeing bid for its retail biz KEEN ON ACQUIRING. Jose Teodoro Limcaoco, the new president and chief executive officer of Bank of the Philippine Islands, thinks the Citibank retail business is an excellent franchise. He says if given the opportunity, BPI has sufficient funds to assume Citi’s large consumer based or domestic assets. (BPI) + April 25, 2021 THE Bangko Sentral ng Pilipinas (BSP) is closely monitoring developments following the announcement of Citigroup to undergo a strategy refresh. Citigroup reported that it intends to focus its Global Consumer Bank presence in Asia (including the Philippines), Europe, Middle East and Africa on wealth management and institutional businesses.