Shinhan Bank buys ANZ’s Vietnam retail business
Published: 18 Dec. 2017, 19:44
Korea’s Shinhan Bank said Monday that it has completed the acquisition of Australia & New Zealand (ANZ) Banking Group’s retail business in Vietnam.
The acquisition helps Shinhan Bank increase its assets in Vietnam to $3.3 billion and its number of Vietnamese customers to about 900,000, the bank said.
Financial terms of the acquisition were not disclosed.
In April, ANZ, Australia’s third-largest bank, agreed to sell its retail business in Vietnam to Shinhan Bank as part of its strategy to streamline its businesses in Asia. Yonhap
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)