Sumitomo Mitsui-invested VPBank plans to merge with ailing lender
Hanoi-based VPBank, the biggest private lender by charter capital in Vietnam, will ask for shareholders’ approval to proceed with a plan to acquire a weak bank following a request by the State Bank of Vietnam (SBV).
Banking - Wed, April 24, 2024 | 11:18 am
SMBC to earn $48.6 mln dividend from VPBank weeks after becoming strategic investor
Sumitomo Mitsui Banking Corporation (SMBC), the second-largest bank in Japan by total assets, will receive VND1.19 trillion ($48.6 million) worth of dividend from privately-run VPBank just weeks after becoming a strategic investor.
Banking - Mon, November 6, 2023 | 4:51 pm
SMBC finalizes $1.5-bln M&A deal with Vietnam's largest lender by charter capital VPBank
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has completed acquisition of a 15% stake worth $1.5 billion of Hanoi-based VPBank, making it the largest M&A deal in the Vietnamese banking system so far.
Banking - Fri, October 20, 2023 | 5:42 pm
Japan's SMBC member entirely divests from Vietnam broker Petrovietnam Securities
SMBC Nikko Securities Inc., a member of Japan’s Sumitomo Mitsui Banking Corp. (SMBC), is now no longer a major shareholder of Petrovietnam Securities JSC (PSI), according to the Hanoi Stock Exchange (HNX).
Finance - Sat, October 14, 2023 | 9:51 am
VPBank receives 10% deposit from Japan’s SMBC
VPBank, Vietnam’s largest bank by charter capital, has received a 10% deposit from Sumitomo Mitsui Banking Corp. (SMBC) in a deal to sell its 15% stake to the Japanese major bank, said VPBank chairman Ngo Chi Dung.
Banking - Wed, April 19, 2023 | 3:00 pm
SMBC acquires 15% stake in Vietnam’s VPBank for $1.5 bln
Vietnamese lender VPBank signed a deal on Monday to sell a 15% stake to Japan’s Sumitomo Mitsui Banking Corp. (SMBC) for about $1.5 billion through a private placement.
Banking - Mon, March 27, 2023 | 2:33 pm
VPBank nears 15% stake sale to Sumitomo Mitsui
VPBank, Vietnam's largest private bank by chartered capital, is in the final stages of a deal to sell a 15% stake to Japan’s Sumitomo Mitsui Financial Group Inc. (SMFG) for about $1.4 billion, according to Bloomberg.
Banking - Mon, March 13, 2023 | 3:05 pm
Eximbank forecasts $146 mln profit in 2022
Eximbank, with Japan's SMBC as major shareholder, has forecast pre-tax profits of VND3.5 trillion ($146 million) for 2022, and a pre-tax profit target of VND5 trillion ($208 million) for 2023, up 42.9% year-on-year.
Banking - Mon, December 5, 2022 | 2:37 pm
IMS, OPES partner in Vietnam mobile telematics insurance
Britain-based IMS, a connected insurance solutions business, has teamed up with Vietnamese company OPES to supply smartphone app-based telematics insurance to car drivers in Vietnam.
Finance - Tue, November 8, 2022 | 2:59 pm
SMBC representative leaves Eximbank board of directors
The representative of major shareholder Sumitomo Mitsui Banking Corporation (SMBC) in Eximbank, Vo Quang Hien, is no longer a member of its board of directors, starting Wednesday.
Banking - Fri, September 16, 2022 | 2:58 pm
Vietnamese lender Eximbank CEO re-appointed
Ho Chi Minh City-based Eximbank, with Japan’s Sumitomo Mitsui Banking Corp. as major shareholder, has re-appointed Tran Tan Loc its CEO for another three years.
Banking - Fri, September 9, 2022 | 11:39 am
Eximbank H1 profit hit 10-year record high
Eximbank, with Japan's SMBC as major shareholder, reported after-tax profits of VND1,519 billion ($65 million) in the first six months of the year, 2.4 times year-on-year.
Banking - Sat, July 30, 2022 | 11:41 am
Eximbank to pay first dividend in 8 years
Eximbank, with Japan’s Sumitomo Mitsui Banking Corporation a major shareholder, will pay a dividend for the first time in eight years, fuelling hopes the lender is entering a new period after years of shareholder conflict.
Companies - Fri, June 17, 2022 | 4:33 pm
Japanese bank SMBC terminates strategic partnership with Eximbank
Sumitomo Mitsui Banking Corporation, which holds a 15% stake in Eximbank, has terminated its strategic partnership with the Vietnamese bank ahead of time, after 14 years of cooperation, Eximbank's chairwoman said Friday.
Companies - Sat, May 28, 2022 | 4:01 pm
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