On 15/10, Bank of Ayudhya (Krungsri), a member of the MUFG financial group, completed full payment for the transfer of 100% of SFinance's charter capital (formerly SHBFinance) from Saigon-Hanoi Commercial Joint Stock Bank (SHB), making SFinance a wholly owned subsidiary of Krungsri. Its Members' Council now has five foreign leaders, chaired by Dan Harsono, while Olena Khlon remains CEO and the executive team is unchanged. Krungsri will help SFinance digitize the customer journey, from registration and credit appraisal to loan management and debt collection, with a focus on data analytics, fraud prevention and cybersecurity. SFinance has not announced numerical growth targets; instead, it will assess performance by customer growth, digital service usage, credit portfolio quality and long-term profitability. The deal began in 2021, and SFinance publicly unveiled its new brand on 24/8 after the State Bank approved the legal conversion on 10/7/2026.
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Original headline: SFinance trở thành công ty do Krungsri Thái Lan sở hữu 100% vốn
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