SHBFinance officially become a member of the 5th biggest bank in ThaiLand
On May 22, 2023, Krungsri Group completed the final procedure to input capital into SHBFinance under the agreement with SHB. According to the signed agreement, the two parties will continue to transfer the remaining 50% of the charter capital after 3 years.
After completing the share transfer, Krungsri became a co-owner of SHBFinance with 50% of the charter capital. SHBFinance becomes a 2-member company with co-owners of SHB and Krungsri within 3 years, after which the two parties will continue to transfer the remaining 50%.
The direct participation of Krungsri - the leading financial institution in the region, and the 5th largest bank in Thailand, will bring new resources for SHBFinance to quickly realize its goal of reaching the top 4 positions in Vietnam's largest financial company, with enough resources to serve "a million satisfied customers".