SeABank completes transfering PTF Finance to AEON Financial Service

PTF, one of the first financial companies in Vietnam, has 100% of its shares transferred to SeABank by VNPT Group in 2018. After taking over PTF, SeABank has invested to improve human resources, apply modern technology, diversify products and services, and expand operation network to drive PTF’s strong growth. With its business strategy adjustment to focus more on core pillars, SeABank has decided to transfer the whole stake held in PTF to AEON Financial.

At the end of 2023, after signing a contract worth VND4,300 billion (US$170.9 billion) to transfer 100% of SeABank’s contributed capital in PTF, SeABank and AEON Financial have actively coordinated to complete the required procedures and have received official approval from the State Bank of Vietnam with Decision No. 2871/QD-NHNN dated December 30, 2024 on approving the sale and capital transfer of PTF to its new owner. At the same time, two parties have also handed over documents and changed the business registration certificate in accordance with Vietnamese law.

With the Handover ceremony on February 3rd, 2025, PTF officially belongs to SeABank’s Japanese partner. The transfer is a key project on the roadmap approved by SeABank's General Meeting of Shareholders to help SeABank restructure capital, enhance financial capacity to expand scale, invest in technology, promote business activities in a focused and sustainable way, thereby moving closer to its goal of becoming the favorite retail bank.

After this transfer completion, SeABank will continue its partnerships with AEON Financial and PTF to provide the best financial services to customers. In addition, SeABank and AEON Financial will expand cooperation extensively towards the goal of becoming comprehensive partners, while leveraging each party's strengths, contributing to the development of Vietnam's financial market.

PTF, established in 1998, is one of the leading financial companies in Vietnam with charter capital of VND1.55 trillion (US$61 billion), nearly 2,000 employees, and serving nearly 200,000 customers across 30 provinces and cities nationwide. With a commitment to providing more financial opportunities for a better life and future, PTF keeps innovating, improving service quality, and offering various loan products with fast procedures; diversifies products with attractive interest rates to meet the diverse and essential needs of customers.