VPBank Sells off 15% Stake to Japan’s SMFG in US$1.5 Billion Deal

Japan’s Sumitomo Mitsui Financial Group (SMFG) has inked a deal to acquire a 15% equity stake in Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) for approximately US$1.5 billion. The deal is set to be finalised by the end of 2023. The