VPBank sells 15 per cent of its charter capital to Japan’s SMBC

VPBank on Monday announced that it has entered into an agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) – a subsidiary of Sumitomo Mitsui Financial Group, Inc (SMFG) to issue 15 per cent of equity stake through a private placement, officially welcoming SMBC as a foreign strategic investor of the bank.