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SMBC negotiates to increase VPBank stake to 20%
Sumitomo Mitsui Banking Corp (SMBC), the banking arm of Sumitomo Mitsui Financial Group, is in advanced negotiations to increase its stake in Vietnam’s VPBank from 15% to approximately 20%. The additional 5% stake is valued at roughly $425 million at current market prices. While both parties aim to finalize the deal this year, disagreements persist regarding valuation. VPBank is reportedly seeking a substantial premium, similar to the 2023 transaction where SMBC paid a 40% premium over market value. SMBC is considering whether to proceed via a private placement or by purchasing shares on the open market.
In separate Vietnamese banking news, Military Commercial Joint Stock Bank (MB) has become the first bank in the country to surpass 100 trillion VND in charter capital. This follows a successful share offering to existing shareholders that raised approximately 8,055 billion VND.
Additionally, VietinBank Capital has reduced its ownership in Petrosetco (PET) to 14.31% after selling 7.25 million shares on September 24, 2026.
Entities
Japan · PGBank · Reuters · Saigon Port · Sumitomo Mitsui Banking Corp · Sumitomo Mitsui Banking Corporation · Sumitomo Mitsui Financial Group · Turicum Investment Management · VPBank · VietinBank · Vietnam
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] SMBC is negotiating to increase its stake in VPBank to about 20%.
- [○ 1 SOURCE] VPBank plans to issue over 624 million shares privately to a foreign investor.
- [○ 1 SOURCE] SMBC is considering purchasing shares directly on the market instead of a private placement.
- [○ 1 SOURCE] The parties aim to finalize the transaction within the current year.
- [○ 1 SOURCE] VPBank expects to raise between $700 million and $900 million through new share sales.