trending Market Intelligence /marketintelligence/en/news-insights/trending/01cCNCH-Ax1RCmcc6C6iIA2 content esgSubNav
In This List

International Finance sells 55.7 million shares in VietinBank

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


International Finance sells 55.7 million shares in VietinBank

Vietnam Joint Stock Commercial Bank for Industry & Trade shareholder International Finance Corp. sold 55.7 million shares of the bank to trim its stake to 4.99% from 6.486%, Viet Nam News reported Jan. 14.

International Finance and its investment vehicle, IFC Capitalization Equity Fund, sold more than 18.9 million shares and 36.8 million shares, respectively. The investor group now collectively holds about 185.8 million shares in the Vietnamese lender and is no longer a major shareholder of the company, according to the report.

VietinBank's other shareholders include State Bank of Vietnam and Japan's MUFG Bank Ltd., which hold 64.46% and 19.73% stakes in the bank, respectively.