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    Home > Finance > Australia's CBA exits Vietnam's VIB after 4.4% stake sale
    Finance

    Australia's CBA exits Vietnam's VIB after 4.4% stake sale

    Published by Global Banking and Finance Review

    Posted on March 5, 2025

    1 min read

    Last updated: January 25, 2026

    Australia's CBA exits Vietnam's VIB after 4.4% stake sale - Finance news and analysis from Global Banking & Finance Review
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    Tags:Commonwealth Bankinvestmentfinancial communitycorporate strategy

    Quick Summary

    CBA exits Vietnam's VIB by selling its 4.4% stake for A$170 million, marking a strategic shift in its operations.

    Australia's CBA exits Vietnam's VIB after 4.4% stake sale

    (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)

    Key Takeaways

    • •CBA sold its remaining 4.4% stake in VIB.
    • •The sale generated A$170 million in gross proceeds.
    • •CBA's exit marks a significant move in its strategic direction.
    • •The transaction reflects ongoing changes in the banking sector.
    • •VIB continues to operate independently post-sale.

    Frequently Asked Questions about Australia's CBA exits Vietnam's VIB after 4.4% stake sale

    1What percentage of VIB did CBA sell?

    CBA sold its remaining 4.4% stake in Vietnam International Commercial Joint Stock Bank.

    2How much will CBA receive from the stake sale?

    CBA will receive A$170 million from the sale of its stake in VIB.

    3Who reported on CBA's stake sale?

    The article was reported by John Biju in Bengaluru and edited by Sonia Cheema.

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