Vietnam’s SHB in stake sale talks, could value lender at $2.2 billion

6 July 2023, 12:00 am

1 min read

Workers decorate the sign of the Saigon Commercial Bank at a place which formerly operated by First Bank, in Hanoi January 5, 2012. The central bank has licensed the Saigon Commercial Bank, an entity formed by the merger of three domestic banks (First Bank, Vietnam Tin Nghia Bank and Saigon Commercial Bank) , to open on Jan. 1, 2012. The lender has registered capital of 10.58 trillion dong ($503 million). REUTERS/Kham (VIETNAM - Tags: BUSINESS)

Reuters exclusively reported that Vietnam’s Saigon–Hanoi Commercial Joint Stock Bank (SHB) (SHB.HM) is in discussions to bring in a strategic partner that could own up to a 20% stake in the lender.