Transfer of 100% of capital contribution in Home Credit Vietnam to SCB Thailand

On February 28, Home Credit Group announced the signing of a conditional framework agreement to transfer 100% of its capital contribution in Home Credit Vietnam Limited Liability Company to The Siam Commercial Bank Public Company Limited (SCB), a member of SCBX Public Company Limited (SCBX).

The transfer agreement is worth approximately 800 million Euros, and the transfer process is expected to be completed in the first half of 2025, following approval from the competent authorities of Vietnam and Thailand.

Home Credit Vietnam – owned by the international investment group PPF – began operations in 2009 and is the first company of the Home Credit Group in Southeast Asia.

Home Credit Vietnam is currently one of the leading companies in the consumer finance sector in Vietnam, holding the second largest market share, accounting for approximately 14% of the total market value. Furthermore, the company has been particularly focused on promoting its digital leadership strategy in recent years.

“ Home Credit Vietnam has grown rapidly to become a market leader since it began operations fifteen years ago ,” said Radek Pluhar, CEO of Home Credit Group.

“ I would like to congratulate my colleagues on successfully building a business trusted by over 15 million Vietnamese customers. This will be an exciting new beginning. We are preparing for the handover, and I believe the company will become even more successful in the future .”

SCBX is the parent company of SCB and one of the leading fintech groups in Thailand. SCB is a large bank with the fourth largest total assets in the country.

The actual transfer value will be determined at the time the transaction is completed.

Bao Anh

Source: https://vtcnews.vn/chuyen-nhuong-100-phan-von-gop-trong-home-credit-viet-nam-cho-scb-thai-lan-ar855853.html