trending Market Intelligence /marketintelligence/en/news-insights/trending/qb7toaR-PA0RQQYqoP18nA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Japan's Aozora Bank to acquire 15% stake in Vietnam's OCB Bank

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Japan's Aozora Bank to acquire 15% stake in Vietnam's OCB Bank

Japan's Aozora Bank Ltd. agreed to acquire a 15% stake in Vietnam's Orient Commercial Joint Stock Bank, also known as OCB Bank, under a capital and business alliance between the two lenders.

Under the partnership, Aozora Bank will also appoint some of its directors to OCB Bank's board, according to a Jan. 8 release.

The deal is expected to be worth about ¥15 billion, The Nikkei reported the same day.

Following the stake acquisition, OCB Bank will be an equity-method affiliate of the Japanese lender. The move is part of Aozora Bank's strategy to form alliances with financial institutions across Asia to capitalize on the region's growth, as well as promote initiatives to contribute to the development of Vietnam's economy.

DealStreetAsia recently reported that OCB Bank was considering selling an 11% stake to Aozora Bank through a private placement. The Vietnamese bank also said it was planning to list its shares on the Ho Chi Minh City bourse in 2020.

As of Jan. 7, US$1 was equivalent to ¥108.59.