SeABank Completes the Transfer of PTF to AEON Financial Service

On February 3, 2025, Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) officially held the Handover Ceremony of Post and Telecommunication Finance One Member Limited Liability Company (PTF) to its partner, AEON Financial Service Co., Ltd. (AEON Financial), a financial subsidiary of AEON Group.

Post and Telecommunication Finance One Member Limited Liability Company (PTF) is one of the first financial companies in Vietnam. SeABank acquired 100% of PTF's shares from VNPT Group in 2018. Since taking over PTF, SeABank has continuously invested resources to strengthen its workforce, apply modern technology, diversify products and services, and expand its operational network to drive PTF’s strong growth. Due to a shift in business strategy and a focus on core areas, SeABank has decided to transfer PTF to its partner, AEON Financial.

After signing the agreement to transfer 100% of PTF Finance Company’s shares, valued at VND 4,300 billion, at the end of 2023, SeABank and AEON Financial actively collaborated to complete the necessary procedures as required by regulatory authorities. The transaction was officially approved by the State Bank of Vietnam under Decision No. 2871/QĐ-NHNN dated December 30, 2024, allowing the transfer of capital ownership to PTF’s new owner. At the same time, both parties carried out the handover of documents and completed the business registration license update in accordance with legal regulations.

Handover Ceremony of Post and Telecommunication Finance One Member Limited Liability Company (PTF) Between AEON Financial and SeABank

On February 3, 2025, SeABank officially handed over PTF Finance Company to its Japanese partner. After completing the transfer, SeABank will continue to collaborate with AEON Financial and PTF to provide the best financial services to customers. Additionally, SeABank and AEON Financial will further expand their cooperation, aiming to become comprehensive partners while maximizing each other’s strengths, contributing to the growth of Vietnam’s financial market.

PTF was established in October 1998 and is one of the first financial companies in Vietnam. It currently has a charter capital of VND 1,550 billion, a workforce of nearly 2,000 employees, and serves approximately 200,000 customers across 30 provinces and cities nationwide. In 2024, PTF achieved a total outstanding loan balance of over VND 4,325 billion, reflecting a 10% growth compared to 2023, while its pre-tax profit reached VND 166 billion, representing a 173% increase year-over-year.