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Consumer finance groups tap new funds 21:26 | 25/05/2021 Lenders are more likely to try and capitalise on overseas experience. Photo: Le Toan In April, Japanese financial institution Sumitomo Mitsui Financial Group – which is the parent of Sumitomo Mitsui Banking Corporation (SMBC) – successfully acquired 49 per cent in Vietnam’s largest consumer finance company FE Credit in a $1.4 billion deal – the largest financial merger and acquisition (M&A) deal in Vietnam. Accordingly, FE Credit’s valuation is estimated to be around $2.8 billion, which is higher than mid-sized banks in Vietnam such as VIB, HDBank, SHB, and OCB. According to an integrated service provider of financial data FiinGroup, FE Credit has a price-to-earnings (P/E) ratio of nearly 22 with a price-to-book (P/B) ratio at 3.4, which is nearly 40 per cent higher than the average transactions involving consumer finance companies in the past few years. The price i

Republic ofSumitomo mitsui banking corporationSumitomo mitsui financial groupMitsubishi ufjBanking corporationNgo chi dungTrong thinhConsumer financeFe creditகுடியரசு ஆஃப்ஸூமிடோமொ மிட்ஸ்யூயீ வங்கி நிறுவனம்ஸூமிடோமொ மிட்ஸ்யூயீ நிதி குழுமிட்‌ஸ்யூபீஶி உப்ஜுவங்கி நிறுவனம்ங்கோ சி சாணம்ற்றொங் மெல்லிய