Japanese banks take on strategic roles Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
09/07/2021 09:53 GMT+7
Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.
MUFG has been working in collaboration with VietinBank for years. VIR photo: Le Toan
Japan’s Sumitomo Mitsui Banking Corporation (SMBC), the banking arm of Sumitomo Mitsui Financial Group (SMFG) was last week reported to have acquired a 5 per cent stake in Philippines-based lender Rizal Commercial Banking Corp (RCBC), equivalent to around $93.9 million.
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Lilian Karunungan and Ditas Lopez, Bloomberg News Commuters cross the street through traffic ahead of the evening curfew in Quezon City, Manila, the Philippines, on Monday, April 26, 2021. The Philippine capital and its surrounds returned to stricter virus control measures late last month, as a new surge in cases overwhelmed hospitals, causing dozens of makeshift stalls for food donations to sprout across the country. Photographer: Veejay Villafranca/Bloomberg , Bloomberg
(Bloomberg) The Philippine peso dropped to its lowest level in more than a year amid rising volatility and a spike in imports and oil prices.
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