Fintech

Vietnam’s SeABank to Sell Lending Unit to Aeon Financial for US$184.6 Million

The Joint Stock Commercial Bank Southeast Asia (SeABank) is selling its Post and Telecommunication Finance Company (PTF) to AEON Financial Service, the financial arm of Japan’s AEON Group, for VND 4.3 trillion (US$ 184.6 million) Established in October 1998, PTF is a non-bank credit institution in Vietnam that was acquired by SeABank in 2018. After being transferred to SeABank, PTF

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IFC Invests US$100M in Vietnamese Bank to Expand Access to Home Loans

The International Finance Corporation (IFC) has invested US$100 million investment in Joint Stock Commercial Bank Southeast Asia (SeABank) in a push to create greater access to home loans in Vietnam. With this investment, SeABank is expected to at least double the number of loans to buy mid-end and affordable homes by 2026. Additionally, IFC will also advise SeABank on the

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