PwC (Vietnam) Limited advised Sai Gon – Ha Noi Commercial Joint Stock Bank on the sale of 100% charter capital in SHBank Finance Company Limited to Bank of Ayudhya Public Company Limited

SHB Finance operates in the consumer finance sector and is a wholly owned subsidiary of SHB, one of the top 5 largest joint-stock commercial banks in Vietnam. After more than 3 years of operation, SHB Finance has grown rapidly and expanded its market share in Vietnam, supported by SHB’s strong brand recognition and solid customer base. SHB Finance has covered the market in 46 provinces and cities and served almost 300,000 borrowers. On the back of Vietnam’s strong economic performance, the consumer finance market growth remains resilient despite the impact of the global pandemic and is expected to experience strong growth in the future.

With Mitsubishi UFJ Financial Group (“MUFG”) as a parent company and its knowledge and experience in the consumer finance business, BAY is committed in the long-term to enhance SHB Finance post-transaction and help transform SHB Finance into one of Vietnam’s leading consumer finance players, providing compelling financial services and a high level of customer satisfaction to domestic customers.

PwC Vietnam Corporate Finance team acted as the exclusive financial advisor to SHB in connection with the transaction.