이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
- Collected
- 2019.07.23
- Distributed
- 2019.07.24
- Source
- Go Direct
South Korea’s KEB Hana Bank has signed a deal to acquire a 15 percent stake in Bank for Investment and Development of Vietnam (BIDV), the Vietnamese largest bank by assets, for 1.03 trillion won ($874 million) to broaden its business in the Southeast Asian country, the company announced on Monday.
Founded in 1957, BIDV is the biggest bank in Vietnam by assets and one of the four major commercial banks in the nation along with Vietcom Bank, Vietin Bank, Agri Bank. The lender, in which the State Bank of Vietnam (SBV), the country’s central bank, holds a 95.3-percent stake, posted 380.9 billion won in net profit and 66.3 billion won in total assets on a consolidated basis at the end of last year.
BIDV has decided to establish a strategic partnership with KEB Hana that boasts of outstanding competitiveness in retail banking, digital financing and risk management in Korea. The Vietnamese lender that has a loan portfolio of which corporate lending takes up more than 70 percent has been seeking to strengthen retail banking business for future growth. It plans to explore ways to cooperate with Hana Financial Group’s other affiliates in order to create synergy.
KEB Hana Bank running two branches in Vietnam in Hanoi and Ho Chi Minh is also expected to attract more local customers under the partnership with BIDV by utilizing the Vietnamese bank’s broad network of more than 1,000 branches and offices and 58,000 Automated Teller Machines (ATMs) across the nation.
By Kim Dong-eun and Choi Mira
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]