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Search Results: 56 results for keyword "Mitsui".
Consumer finance in sights of megabanks
15-03-2022 09:00
The consumer finance industry in Vietnam continues to be buffeted by pandemic-induced turmoil, but certain overseas investors are seeking novel responses to capitalise on the country’s tremendous promise.
Lenders promise investment scale-up
17-02-2022 14:47
The dissolution of a 15-year collaboration between Eximbank and Japan’s Sumitomo Mitsui Banking Corporation, its largest foreign strategic shareholder, could pave the way for a fresh start after a number of financial and internal conflicts plagued the former.
Eximbank ends partnership with Japan's SMBC
09-02-2022 09:48
The Vietnam Export Import Commercial Joint Stock Bank (Eximbank) will terminate its partnership with Japanese Sumitomo Mitsui Banking Corporation (SMBC) as from February 7, according to a resolution of the bank's board of directors.
Japan's SMFG to enhance its M&A strategy
28-12-2021 10:44
Faced with bleak domestic growth prospects, Japan's Sumitomo Mitsui Financial Group (SMFG) is expanding its international footprint, including its presence in Vietnam.
VPBank completes sale in FE Credit to SMBC Group of Japan
29-10-2021 11:00
VPBank announced the completion of a 49 per cent stake sale of its consumer finance arm FE Credit by SMBC Consumer Finance Co., Ltd. (SMBCCF), a wholly-owned subsidiary of Japan’s Sumitomo Mitsui Financial Group Inc. (SMBC Group).
Japanese banks take on strategic roles
07-07-2021 15:13
Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.
Foreign investor participation crucial for operations
25-05-2021 21:27
The mega-deal between Sumitomo Mitsui Financial Group and FE Credit is expected to rewrite the consumer finance landscape in Vietnam. Masataka “Sam” Yoshida, head of the Cross-border Division of RECOF Corporation and CEO of RECOF Vietnam Co., Ltd., talked with VIR’s Luu Bui about the appetite of Japanese investors for the market.
Consumer finance groups tap new funds
25-05-2021 21:26
International expertise and solid financial support are vaulting some consumer finance companies in Vietnam ahead of their peers, and also presenting opportunities for both sides to deploy excess capital and diversify their business.
Foreign investors maintain interest in Vietnam
07-05-2021 16:43
Despite a year-on-year slip in foreign direct investment (FDI) to Vietnam in the first four months of the year, foreign investors still signed major deals in the country and confirmed its ongoing investment appeal.
Capital injections loom in finance M&A
04-05-2021 11:23
Although the pandemic is still taking a serious toll on the economy, foreign investors are banking on cross-border mergers and acquisitions in the financial industry, especially in consumer finance and retail banking, illustrating the urgency to acquire new capabilities.
Japanese lender SMFG acquires 49 per cent in FE Credit in a $1.4 billion deal
29-04-2021 15:28
Japanese mega financial institution Sumitomo Mitsui Financial Group (SMFG) has just acquired 49 per cent stake in Vietnam's largest consumer finance company FE Credit.
Sumitomo Mitsui Financial Group shows interest in acquiring banks in Asia
22-12-2020 16:02
Sumitomo Mitsui Financial Group is allegedly going to acquire Asian banks in Vietnam, the Philippines, or India.
Capital inflows to Southeast Asian startups up 91 per cent despite outbreak
02-08-2020 21:07
Southeast Asian startups, especially e-commerce and fintech companies, have witnessed a significant increase in their investment attraction between April and June with the global public health challenge continuing to exert pressure on the whole economy.
Foreign shareholder Mitsui asks Eximbank for extraordinary general meeting
15-07-2020 20:54
Mitsui Banking Corporation – the foreign strategic partner holding 15 per cent stakes – has just requested Eximbank to convene the second extraordinary general shareholders' meeting 2019 before the second annual general meeting 2020 scheduled for July 29.
Japanese giant Sumitomo Mitsui Financial Group halts lending to new coal-fired power plants
21-04-2020 11:29
Sumitomo Mitsui Financial Group (SMFG) – one of the largest Japanese megabanks – announced that it would halt lending to new coal-fired power plants from May 1, 2020.
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