Bank of Ayudhya, the Thai lender owned by Mitsubishi UFJ Financial Group, completed the purchase of the remaining 50% of Vietnamese consumer finance company SFinance from Saigon-Hanoi Commercial Joint Stock Bank on 15 October 2026, MUFG said the following day.
Why Bank of Ayudhya (Krungsri, MUFG group) is buying SFinance Consumer Credit Finance Company (remaining 50%, from SHB)
MUFG said full ownership would strengthen collaboration between Krungsri and SFinance and support further growth of its consumer finance business in Vietnam.
Deal terms and financing
Financial terms of the second phase were not disclosed. SFinance has changed its name from SHBank Finance and now operates as SFinance Consumer Credit Finance Company Limited.
Regulatory approvals and timing
The second phase was approved by the State Bank of Vietnam and Japan's Financial Services Agency.
Market context
Krungsri agreed in August 2021 to acquire 100% of the business in two phases and bought the first 50% in May 2023. SFinance offers unsecured loans and credit cards to more than 1m customers. Krungsri is Thailand's fifth-largest bank by assets.
