Recently, in early 2024, Thailand’s SCB Bank acquired 100% of the financial company Home Credit Vietnam, valued at $866 million.
From 2015, or nearly 10 years, 2017 and 2023 were the two years that witnessed the most banking transactions in which Vietnamese banks sold shares in financial companies to foreign investors. Financial conglomerates from Japan, Korea, and Thailand were the main participants in these deals.
VPBank (VPB) sold 49% of its equity in FE Credit, a Consumer Finance Company owned by Vietnam Prosperity Bank, to SMBC Consumer Finance, a subsidiary of Japan’s Sumitomo Mitsui Financial Group, which now holds 100% of the capital. This deal is considered the largest with a value of $1.37 billion.
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Source: VietstockFinance |
Thu Minh
