SeABank sells all capital at PTF Finance Company to AEON Financial Service

October 20, 2023 15:07 Nhat Linh Print article

ANTD.VN - By transferring all capital contributions at Post and Telecommunication Finance Company Limited (PTF) equivalent to 100% of PTF's charter capital to AEON Financial Service, SeABank will earn 4.3 trillion VND.

Southeast Asia Commercial Joint Stock Bank (SeABank, stock code: SSB) has just signed a contract to transfer all of its capital contribution at Post and Telecommunication Finance Company Limited (PTF) equivalent to 100% of PTF's charter capital to AEON Financial Service Co., Ltd. - a member of the financial sector of AEON Group - the largest retail group in Japan.

SeABank thoái toàn bộ vốn tại Công ty Tài chính PTF ảnh 1

SeABank divested all capital at PTF Finance Company

Post and Telecommunication Finance Company Limited (PTF) was established in October 1998, is one of the first non-bank credit institutions in Vietnam and was transferred 100% of its capital contribution by SeABank from Vietnam Posts and Telecommunications Group ( VNPT ) in 2018.

Currently, PTF has a charter capital of 1,550 billion VND, a total of nearly 2,000 employees with nearly 200,000 customers in 30 provinces and cities across the country.

According to SeABank's leaders, transferring 100% of PTF's capital contribution to AEON Financial Service will help SeABank have more resources to strengthen its financial capacity, expand its scale, invest in technology, thereby promoting business activities in key segments, aiming to become the most favorite retail bank.

After signing the contract, the two parties will seek approval from the competent authority as well as approval from the State Bank of Vietnam to complete the transfer transaction.

AEON Financial Service Co., Ltd. is a member of the financial division of AEON Group - Japan's largest retail group. Since its establishment in 1981, AEON Financial has been a comprehensive financial service provider within the AEON Group.

Currently, besides Japan, AEON Financial is operating in 11 countries and is active in fields such as credit card business, installment finance business, banking business, insurance business, and many other fields.

As of the end of February 2023, AEON Financial reached 48 million credit card customers. In 2022, AEON Financial achieved operating revenue of nearly 3.5 billion USD, equity of more than 3.1 billion USD and total assets of more than 46.5 billion USD.

AEON Financial started operating in Vietnam in 2008 through the establishment of ACS Vietnam Trading Company Limited, providing installment sales services in association with retailers for durable consumer goods such as computers, home appliances, furniture, motorbikes, etc. and currently accumulates a partner network of more than 6,700 POS across 63 provinces and cities in Vietnam.

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