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Krungsri Completes 100% Acquisition of SFinance

Krungsri Completes 100% Acquisition of SFinance

MGR Online•Economy•34m ago

Reader Briefing

Bank of Ayudhya has completed the 100% acquisition of SFinance to expand its consumer finance presence in Vietnam.

  • •Bank of Ayudhya (Krungsri) now owns 100% of SFinance Consumer Credit Finance Company Limited.
  • •The acquisition was conducted in two phases starting from an agreement in 2021.
  • •The final transfer was completed after approval from the State Bank of Vietnam and the Japanese Financial Services Agency.
  • •SFinance has undergone rebranding with a new name, logo, and brand identity.

Overview

  • •Bank of Ayudhya and Saigon-Hanoi Commercial Joint Stock Bank (SHB) reached an agreement for the 100% acquisition of SFinance in 2021.
  • •Bank of Ayudhya acquired the first 50% share of SFinance in May 2023.
  • •Bank of Ayudhya completed the acquisition of the remaining 50% share of SFinance after receiving approval from the State Bank of Vietnam and the Japanese Financial Services Agency.
  • •SFinance is now a subsidiary wholly owned by Bank of Ayudhya.
  • •SFinance launched a new name, logo, and brand identity as part of its transition to becoming a wholly-owned subsidiary of Bank of Ayudhya.
  • •Kenichi Yamato stated that Bank of Ayudhya aims to support SFinance's growth by leveraging expertise in consumer finance and digital innovation.
  • •Bank of Ayudhya currently operates businesses in five ASEAN countries: Laos, Cambodia, Vietnam, Philippines, and Indonesia.
  • •Loans in ASEAN grew by 7.7% from the end of 2025 during the first 9 months of 2026.

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Key Quotes

Kenichi Yamato
"Today is another important milestone for Krungsri. I would like to thank the State Bank of Vietnam and all regulatory agencies for their guidance and support, including SHB."
วันนี้เป็นอีกหมุดหมายสำคัญของกรุงศรี ผมขอขอบคุณธนาคารกลางเวียดนามและหน่วยงานกำกับดูแลทุกแห่งสำหรับคำแนะนำและการสนับสนุน รวมถึง SHB ที่ให้ความไว้วางใจและร่วมเป็นพันธมิตรกับเราตลอดระยะเวลาที่ผ่านมา

Key Entities

Organization

Bank of Ayudhya(ธนาคารกรุงศรีอยุธยา จำกัด (มหาชน))ℹ️
A bank that acquired 100% of SFinance and operates in five ASEAN countries.
Krungsri(กรุงศรี)ℹ️
The brand name of Bank of Ayudhya.
SFinance Consumer Credit Finance Company Limited
A Vietnamese consumer credit finance company, formerly known as SHBFinance, now wholly owned by Bank of Ayudhya.
SHBFinance
The former name of SFinance.
Saigon-Hanoi Commercial Joint Stock Bank
The bank (SHB) that entered into an agreement with Bank of Ayudhya to transfer SFinance shares.
SHB
The abbreviation for Saigon-Hanoi Commercial Joint Stock Bank.
State Bank of Vietnam(ธนาคารกลางเวียดนาม)ℹ️
The Vietnamese regulatory body that approved the share transfer of SFinance.
Japanese Financial Services Agencyℹ️
The agency that provided approval for the acquisition of SFinance shares.
MUFGℹ️
The network associated with Bank of Ayudhya covering 9 of 11 ASEAN countries.

Place

Hanoi(กรุงฮานอย)ℹ️
The city where the celebration of the acquisition was held.
Vietnam(เวียดนาม)ℹ️
The country where SFinance operates and is a target for Bank of Ayudhya's investment.
ASEAN(อาเซียน)ℹ️
The region where Bank of Ayudhya is expanding its consumer finance business.
Laos(สปป.ลาว)ℹ️
One of the five ASEAN countries where Bank of Ayudhya has businesses.
Cambodia(กัมพูชา)ℹ️
One of the five ASEAN countries where Bank of Ayudhya has businesses.
Philippines(ฟิลิปปินส์)ℹ️
One of the five ASEAN countries where Bank of Ayudhya has businesses.
Indonesia(อินโดนีเซีย)ℹ️
One of the five ASEAN countries where Bank of Ayudhya has businesses.

Person

Kenichi Yamato(เคนอิจิ ยามาโตะ)
The President and CEO of Bank of Ayudhya.