Krungsri Completes Full Acquisition of SFinance
The bank has finalized its purchase of the remaining 50% stake in the Vietnamese consumer finance company.
Updated on Oct. 16, 2026 in Financial Services
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Krungsri has officially taken 100% ownership of SFinance following the successful transfer of the remaining 50% stake in the company. The move positions the Vietnamese consumer finance firm as a wholly owned subsidiary of the Thai bank.
Why it matters
The acquisition reflects a strategic effort by Krungsri to broaden its regional footprint and expand its consumer finance business within the growing Vietnamese market.
Krungsri has secured full control of SFinance, formerly known as SHBank Finance Company Limited, by acquiring the final 50% of its charter capital. The transition establishes the firm as a wholly owned subsidiary of the bank.
The players
Krungsri
Also known as Bank of Ayudhya, this is a major financial institution headquartered in Thailand.
SFinance
Formerly known as SHBank Finance Company Limited, this entity is a consumer finance company based in Vietnam.
The details
Krungsri formally reported the completion of the share transfer to the Stock Exchange of Thailand, finalizing the transition from a partial partner to the sole owner of the business. SFinance continues its operations as a consumer finance provider in Vietnam under its new ownership structure.
Timeline
October 15, 2026: Krungsri completed the purchase and transfer of the remaining shares.
Market Landscape
The acquisition follows a pattern set by the ASEAN financial market integration trend, which encourages regional banks to consolidate their operations across member nations. This move allows Krungsri to strengthen its competitive position against other regional lenders targeting the Vietnamese consumer segment.
Customers of SFinance should see no immediate changes to their service agreements or account access following the change in ownership. The consolidation aims to provide the company with greater stability and resources under the backing of the parent bank.
The takeaway
Regional banks are increasingly prioritizing direct ownership of foreign subsidiaries to gain better control over their international growth. Investors and clients should watch for further product integration as the parent company aligns the subsidiary with its regional brand standards.
Further reading
For more background on regional banking expansion, explore our Financial Services coverage.
Source note: This article includes information reported by The Nation Thailand.
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