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

Published by Global Banking & Finance Review

Posted on March 5, 2025

1 min read

· Last updated: January 25, 2026

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

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

What percentage of VIB did CBA sell?
CBA sold its remaining 4.4% stake in Vietnam International Commercial Joint Stock Bank.
How much will CBA receive from the stake sale?
CBA will receive A$170 million from the sale of its stake in VIB.
Who reported on CBA's stake sale?
The article was reported by John Biju in Bengaluru and edited by Sonia Cheema.

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