SMBC divests from Eximbank after 15 years

SMBC divests from Eximbank after 15 years

Sumitomo Mitsui Banking Corporation (SMBC) has divested from Vietnam Export Import Commercial Joint Stock Bank (Eximbank) after 15 years of strategic alliance.
SMBC spends over $9 million to scoop up SmartNet shares

SMBC spends over $9 million to scoop up SmartNet shares

Sumitomo Mitsui Banking Corporation has inked a deal to form a capital alliance with SmartNet to purchase of shares valued at $9.36 million.
SMBC terminates strategic alliance with Eximbank

SMBC terminates strategic alliance with Eximbank

The Japanese financial giant Sumitomo Mitsui Banking Corporation (SMBC) announced its exit from Vietnam's privately-held lender Eximbank on March 18.
Luong Thi Cam Tu succeeds Yasuhiro Saitoh as new chairwoman of Eximbank

Luong Thi Cam Tu succeeds Yasuhiro Saitoh as new chairwoman of Eximbank

At the latest annual meeting of shareholders of Eximbank, Luong Thi Cam Tu has been chosen to succeed Yasuhiro Saitoh as newly-appointed chairwoman of the bank's board of directors in the 2020-2025 tenure.
Vietnam's Eximbank and Japan's SMBC officially break up after 14 years

Vietnam's Eximbank and Japan's SMBC officially break up after 14 years

Eximbank and SMBC's 14-year strategic collaboration arrangement has finally come to an end.
Eximbank ends partnership with Japan's SMBC

Eximbank ends partnership with Japan's SMBC

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

Japan's SMFG to enhance its M&A strategy

Faced with bleak domestic growth prospects, Japan's SMFG is expanding its international footprint, including its presence in Vietnam.
VPBank completes sale in FE Credit to SMBC Group of Japan

VPBank completes sale in FE Credit to SMBC Group of Japan

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).