Techcombank considers selling 15 percent stake to strategic technology partner

Techcombank, Vietnam's largest listed private bank, is considering selling a 15% stake to a strategic investor with a focus on technological capabilities.

The bank, which is backed by Warburg Pincus, is shifting its priorities from seeking capital to finding partners that can enhance its technological expertise.

The potential sale of the stake is a strategic move aimed at fostering innovation and improving the bank's technological infrastructure.

This decision reflects Techcombank's commitment to adapting to the changing financial landscape and strengthening its competitive edge in the market.

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