The investment from SMBC will help the bank raise almost VND36 trillion, or approximately $1.52 billion, of Tier 1 capital, increasing its owner equity from $4.5 billion to approximately $6.1 billion This comes as part of capital raising plans that VPBank has been implementing over the last year to strengthen its long-term finances and support its ambitious growth strategy over the next five years. Ngo Chi Dung, chairman of the Board of Directors of VPBank (right) and Masahiro Yoshimura, CEO, Chief Investment Officer, SMBC Bank Following this latest investment from SMBC, VPBank now becomes Vietnam’s second-largest bank in terms of owner equity, which allows it to serve a wide range of customer needs in various segments, including retail banking, corporate banking and small- and medium-sized enterprises. The robust capital stance will also help VPBank to serve large-scale enterprises, particularly multinational companies and foreign firms that are already … [Read more...] about VPBank announces SMBC as foreign strategic investor