Vietnam Prosperity Joint Stock Commercial Bank
Founded Year
1993Stage
IPO | IPODate of IPO
8/18/2017Missing: Vietnam Prosperity Joint Stock Commercial Bank's Product Demo & Case Studies
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Latest Vietnam Prosperity Joint Stock Commercial Bank News
Mar 13, 2023
12 March, 2023 Vietnam Prosperity Joint Stock Commercial Bank is nearing a deal to sell a 15% stake to Sumitomo Mitsui Financial Group Inc for $1.4 billion, Bloomberg News reported on Saturday citing people familiar with the transaction. The Vietnamese bank will sell more than 1 billion shares to SMBC Consumer Finance, a unit of the Japanese “megabank” for 32,000 dong to 33,000 dong ($1.35-$1.39) each, the report said. A VPBank representative declined to comment. Sumitomo Mitsui could not immediately be reached for comment outside business hours. Japan’s second-largest banking group is seeking to capture growth in Asian emerging markets through acquisitions, spurred by limited business opportunities at home with ultra-low interest rates and an ageing population. Sumitomo Mitsui said in November it would buy an additional 15% in the Philippines’ Rizal Commercial Banking Corp. Reuters
Vietnam Prosperity Joint Stock Commercial Bank Frequently Asked Questions (FAQ)
When was Vietnam Prosperity Joint Stock Commercial Bank founded?
Vietnam Prosperity Joint Stock Commercial Bank was founded in 1993.
Where is Vietnam Prosperity Joint Stock Commercial Bank's headquarters?
Vietnam Prosperity Joint Stock Commercial Bank's headquarters is located at 89 Lang Ha Street, Hanoi.
What is Vietnam Prosperity Joint Stock Commercial Bank's latest funding round?
Vietnam Prosperity Joint Stock Commercial Bank's latest funding round is IPO.
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