Public Bank

Public Bank Makes Bold Moves in Vietnam's Capital Market

Public Bank acquires RHB Securities Vietnam, amplifying its presence in the Vietnamese market!

Public Bank Bhd (PBB) is making significant strategic moves in Vietnam's capital market arena. The Malaysian banking giant has decided to acquire RHB Securities Vietnam Co Ltd from RHB Bank Bhd for a whopping RM72.55 million. This bold acquisition by Public Bank signals its strong commitment to expanding its footprint in Vietnam.

In another game-changing decision, Public Bank Bhd is set to take over RHB Investment Bank Bhd's Vietnam-based securities broker business. This move reflects Public Bank's strategic vision to strengthen its presence and offerings in the Vietnamese financial sector.

Public Bank Bhd, through its subsidiary Public Bank Vietnam Ltd (PBVN), is venturing into new territory by purchasing RHB Securities Vietnam Company Ltd (RHBSVN). This acquisition not only boosts Public Bank's market share in Vietnam but also positions the bank as a key player in the Vietnamese capital market.

The latest development sees Public Bank's wholly-owned subsidiary, Public Bank Vietnam Ltd (PBVN), acquiring the entire stake of RHB Securities Vietnam. This strategic move is expected to pave the way for Public Bank Vietnam to enhance its financial services and delve deeper into securities trading in Vietnam.