Published by Global Banking & Finance Review®
Posted on March 5, 2025
1 min readLast updated: January 25, 2026
Add as preferred source on GoogleCBA exits Vietnam's VIB by selling its 4.4% stake for A$170 million, marking a strategic shift in its operations.
(Reuters) - Australian lender Commonwealth Bank of Australia said on Wednesday it has sold its remaining 4.4% stake in Vietnam International Commercial Joint Stock Bank and will receive A$170 million ($106.7 million) in total gross proceeds.
($1 = 1.5931 Australian dollars)
(Reporting by John Biju in Bengaluru; Editing by Sonia Cheema)
CBA sold its remaining 4.4% stake in Vietnam International Commercial Joint Stock Bank.
CBA will receive A$170 million from the sale of its stake in VIB.
The article was reported by John Biju in Bengaluru and edited by Sonia Cheema.
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