Thailand's Krungsri completed full payment for the transfer of 100% of SHBFinance's shares to SHB. As a result, SHBFinance will change its name to SFinance, strengthening SHB's capital and financial position.
On 15 October 2026, Thailand's Krungsri, a financial group, completed full payment for the transfer of 100% of SHBFinance's shares. This marked an important milestone in the strategic cooperation between SHB and the group and is said to have important implications for SHB's shareholders and investors.
SHBFinance will change its name to SFinance. Following completion of the transfer, SHB's shareholders are expected to receive a substantial capital surplus, and the bank's capital is expected to increase to VND53.442 trillion. SHB said it will continue cooperating with Krungsri to develop products.
Related news around the same date also reported that SHB had ROE of approximately 25.9%, a CIR of approximately 19.2%, total assets of approximately VND990 trillion and equity of approximately VND102 trillion as of the end of September. On 12 October, it approved a plan for a syndicated loan totaling $340 million, with participation from international financial institutions.