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​Japan's MUFG seeks to raise stake in Vietnam's VietinBank to 50 pct - report

Oct 17th at 13:39
17-10-2018 13:39:10+07:00

​Japan's MUFG seeks to raise stake in Vietnam's VietinBank to 50 pct - report

MUFG Bank seeks to increase its stake in Vietnamese lender VietinBank to 50 percent, the Vietnam Television (VTV) reported on Wednesday, quoting a senior executive of the Japanese bank.

“We have invested in Vietnam since 1920 and want to increase ownership in VietinBank to 50 percent of registered capital,” VTV quoted MUFG Deputy President Eiichi Yoshikawa as saying.

MUFG Bank now owns 19.73 percent of VietinBank, according to Refinitiv Eikon data. Vietnam caps foreign ownership in banks at 30 percent.

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