Societe generale said it has acquired a 15% stake in Vietnam's South-East Asia Bank (SeABank) for an undisclosed amount.
Hanoi-based SeABank, created in March 1994, has 55 branches and transaction offices covering the country's principal economic centres.
SocGen has had representative offices in Hanoi and Ho Chi Minh Ville since 1989 and is a leader in project and export finance in the country. SG VietFinance, a subsidiary of Societe Générale Consumer Finance, has been operational since September 2007, the French bank added.
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