Public Bank

Public Bank Takes Vietnam by Storm: Acquires RHB Securities Firm

Public Bank Bhd makes strategic moves in Vietnam's capital market - details inside!

Public Bank Bhd (PBB) is strengthening its foothold in the Vietnamese capital market by acquiring RHB Securities Vietnam Co Ltd from RHB Bank Bhd for a whopping RM72.55 million. This acquisition paves the way for Public Bank to expand its financial services offerings in Vietnam through its subsidiary, Public Bank Vietnam Ltd (PBVN). In a simultaneous move, Public Bank Bhd also reveals plans to take over RHB Investment Bank's Vietnam-based securities broker business, solidifying its presence in the region.

The acquisition of RHB Securities Vietnam Company Ltd (RHBSVN) by Public Bank's subsidiary, PBVN, is a strategic step towards enhancing the bank's market position. With the aim to diversify and grow its operations in Vietnam, Public Bank is set to revolutionize the capital market landscape in the country. This bold move showcases Public Bank's commitment to global expansion and innovation in the financial sector.

In a groundbreaking deal, Public Bank Bhd's subsidiary, PBVN, has acquired the entire stake of RHB Securities Vietnam, reinforcing its position in the Vietnamese financial market. This acquisition not only signifies a significant investment for Public Bank but also opens new doors for Public Bank Vietnam to enhance its financial services offerings, particularly in the realm of securities trading.

As Public Bank continues to make strategic acquisitions in Vietnam, the financial sector in the region is poised for a major transformation. The integration of RHB Securities Vietnam into Public Bank's portfolio marks a pivotal moment in the bank's expansion journey. With these bold moves, Public Bank solidifies its reputation as a key player in the international financial market, setting the stage for further growth and innovation.