UPDATE 1-Vietnam's Eximbank in merger talks with a local bank

April 9, 2015 12:16 PM

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HANOI, April 9 (Reuters) - Vietnam's Eximbank, 15.07 percent owned by Japan's Sumitomo Mitsui Banking Corp , is in talks with unlisted domestic lender Nam A Bank about a possible merger, sources with knowledge of the matter told Reuters.

The discussions come as Vietnam's central bank seeks to reform an overcrowded sector of more than 40 local lenders, many of which are considered by analysts to be under-capitalised and laden with bad debts that are dragging on the economy.

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