Mitsubishi UFJ Lease & Finance Company to acquire a 49% stake in VietinBank Leasing Company.

Mitsubishi UFJ Lease & Finance Company, a financial services company, agreed to acquire a 49% stake in VietinBank Leasing Company, a wholly owned subsidiary of VietinBank, one of the four state-owned commercial banks in Vietnam. Financial terms were not disclosed. Through the investment in VietinBank Lease, Mitsubishi UFJ Lease & Finance will launch its business in Vietnam and provide excellent financial services to local customers while sharing its extensive expertise and knowledge with VietinBank Lease.