ANTD.VN - MB Group and SBI Shinsei Bank (Japan) signed a capital transfer contract with MB Cambodia Public Bank Limited (MBCambodia) in early April.
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| MBCambodia Headquarters. Photo: MB |
Under the contract, MB Group will hold a 51% stake in MBCambodia and transfer the remaining 49% to SBI Shinsei Bank (Japan). The share acquisition process will be completed after receiving approval from regulatory authorities in Cambodia and Vietnam.
Previously, in January 2023, MBCambodia was granted a license by the National Bank of Cambodia (NBC) and the Ministry of Commerce of Cambodia (MOC) to upgrade and convert the MB Cambodia branch into a commercial bank under the name MBCambodia.
MB Group is one of the largest financial institutions in Vietnam with 7 member companies operating safely and effectively in many fields, including: banking, securities, fund management, asset exploitation, insurance and consumer finance. In the strategic period 2022-2026, through comprehensive digital transformation from the core, MB determines the vision of becoming a digital enterprise, a leading financial group.
As Japan's leading financial institution, SBI Shinsei Bank offers a wide range of financial products and services to both individual and corporate customers. SBI Shinsei Bank has a wide network of branches throughout Japan, with its headquarters located in Tokyo.
With the strong capacity of two major shareholders and the potential available in the Cambodian market, MBCambodia has more favorable conditions to develop its business activities. “In addition to retail banking and corporate banking, MBCambodia will promote digital banking services, aiming for the safest, most secure and convenient experience for customers,” said a representative of MBCambodia.
On the MB Group side, the group representative expects MBCambodia to contribute to the socio-economic development of Cambodia, and at the same time, help MB gradually realize its strategic goal of becoming a digital enterprise, a leading financial group, in the Top 3 markets in terms of efficiency and aiming for the Top in Asia.
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