On October 20, Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB) officially signed a contract to transfer all of SeABank's 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 - Japan's largest retail group, with a transfer price of VND 4.3 trillion.
The PTF transfer agreement will bring significant capital surplus to shareholders as well as enhance SeABank's financial capacity.
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.
After transferring to SeABank and restructuring, PTF has focused on building and providing many types of loans with quick procedures; diversifying products with attractive loan interest rates to meet the essential and diverse needs of customers.
In addition, PTF also focuses on developing its network, expanding its business partners, and especially prioritizing the application of information technology in product and service development, and digitizing processes to improve service quality and customer experience.
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PFT launches products. |
To ensure a safe and healthy operating mechanism, PTF has also improved the quality of its human resources and built and perfected its management system.
Currently, PTF has a charter capital of VND 1,550 billion, a total of nearly 2,000 employees and serves nearly 200,000 customers in 30 provinces and cities nationwide.
The transfer of 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.
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