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09/01/2025
December 30, 2024 - The State Bank of Vietnam has granted approval for the full transfer of capital held by Southeast Asia Commercial Joint Stock Bank (SeABank, stock code: SSB) in Post and Telecommunication Finance Company (PTF). The transfer to AEON Financial Service Co., Ltd. (AEON Financial) - a financial subsidiary of AEON Group helps SeABank enhance financial capacity and facilitate its goal of becoming the favorite retail bank.
After signing an agreement to transfer 100% of the capital contribution in PTF on October 20, 2023, at the price of VND4.3 trillion (US$169.3 million), SeABank and AEON Financial have worked closely to complete all the required procedures and documents. On December 30, 2024, the State Bank of Vietnam officially granted Decision No. 2871/QĐ-NHNN to approve the sale and capital transfer of PTF to its new owner.
This key project is a part of the roadmap approved by SeABank's General Meeting of Shareholders, aimed at restructuring capital and strengthening financial capacity. This further facilitates SeABank’s scale expansion, technological investment, while driving a focused and sustainable business growth, advancing towards the goal of becoming the favorite retail bank.
In addition to PTF capital transfer, SeABank and AEON Financial have also signed a memorandum of understanding for strategic cooperation to strengthen their bond and work towards a comprehensive partnership. The cooperation also helps leverage each party's strengths, contributing to the development of Vietnam's financial market.
PTF, established in 1998, is one of the leading financial companies in Vietnam with charter capital of VND1.55 trillion (US$61 billion), nearly 2,000 employees, and serving nearly 200,000 customers across 30 provinces and cities nationwide. With a commitment to providing more financial opportunities for a better life and future, PTF keeps innovating, improving service quality, and offering various loan products with fast procedures; diversifies products with attractive interest rates to meet the diverse and essential needs of customers.
