Announced that it has signed a 21 days [Korea sinyuncheol financial newspaper reporter] Shinhan Bank Viet Nam subsidiary, Shinhan Vietnam Bank ANZ BANK Vietnam retail sector acquisition agreement.
This agreement is the first global business seonggongjak strengthened wiseongho Bank emphasized, especially in promising markets in Asia M & A, equity investment, etc. Inorganic growth strategy. While the bear Inorganic growth strategy paid off quickly in the global market is expected to more powerful wind up in global growth in the future, Shinhan Bank.
ANZ BANK Vietnam is one of the foreign banks anchakhan successfully in Vietnam. Promoting the sale of the retail sector in accordance with the latest ANZ Group's strategy to concentrate on corporate banking in the region was known to meet the needs of Shinhan Vietnam Bank to strengthen the retail sector this deal is successful close. ANZ BANK Vietnam retail sector is made up of 547 million based on the receiving end of September 2016, 161 million loan, the cardholder 95 thousand, eight branches, employees 289 people.
Shinhan Vietnam Bank has stepped its first step after the completion of the Vietnam 1993 2009 Incorporated and proceed with full-scale local sales holds 18 channels of the most current Vietnamese foreign banks. Recently, CMS, e-tax, pin the app content, such as Sunny Club and exerting a differentiated digital competence is widely recognized as a leading global business success stories of domestic commercial banks.
Acquisition in accordance with the terms of the agreement is expected to be completed by the end of 2017. All becomes Shinhan Vietnam Bank has become a total assets of 30 billion US dollars, the cardholder 160,000 people, foreign employees one of the banks above the level of up to 13 hundred. It is also to establish a channel-based, which can equally compete with local banks in the key markets of Vietnam Ho Chi Minh City, Hanoi.
Shinhan Bank said, "Shinhan Vietnam Bank Credit Card With this acquisition, is a product lineup strengthening of bancassurance been able to provide better financial services to our customers," he said "the foreign one bank as the market position up through a new customer entrenched will do my best to jump on the Vietnamese economy as a market leader in retail banking, "he said.
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