SMBC Consumer Finance Co., Ltd. reached an agreement to acquire 49% stake in VPBank Finance Company Limited from Vietnam Prosperity Joint Stock Commercial Bank (HOSE:VPB) on April 28, 2021. VPBank Finance Company Limited reported total assets of ¥337.6 billion, operating profit of ¥83.9 billion, net income of ¥13.7 billion and net asset of $71.3 billion for the year ending, December 2020. After the transaction, VPBank Finance Company Limited will be an equity method affiliate of SMBC Consumer Finance. The transaction is subject to regulatory approval. The impact on CET1 ratio would be 10 basis points. Return on investment is expected to reach profit criteria in the second year of investment with stable profit growth. SMBC Consumer Finance Co., Ltd. completed the acquisition of 49% stake in VPBank Finance Company Limited from Vietnam Prosperity Joint Stock Commercial Bank (HOSE:VPB) on June 28, 2021. YKVN led by Managing Partner, Truong Nhat Quang (Picture), Nguyen Van Hai and Krissen Pillay acted as advisor to VPBank.