Japan’s Mitsubishi UFJ Lease & Finance Company Limited (MUL) will acquire a 49 per cent equity interest in VietinBank Leasing Company Limited, according to an announcement.
VietinBank Leasing is a wholly owned subsidiary of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), the country’s fourth-largest bank by market capitalisation. Established in 1998, the leasing company had a charter capital of 1 trillion dong ($43 million) and total assets of 3.03 trillion dong ($130.8 million) as of May 29, 2020.
