Home Credit VN falls into the hands of a large Thai bank

The Buyer is 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 (more than 20,700 billion VND) and the transfer is expected to be completed in the first half of 2025, after approval by competent authorities of Vietnam and Thailand.

Home Credit VN - owned by PPF International Investment Group - started operating in 2009 and is the first company of Home Credit Group in Southeast Asia. Home Credit VN is one of the leading companies in the consumer finance sector in Vietnam. In addition, the company has especially focused on promoting its digital leadership strategy in recent years.

Home Credit VN về tay ngân hàng lớn của Thái Lan- Ảnh 1. — Home Credit VN started operating in 2009.

"Home Credit Vietnam has grown rapidly to become a market leader since its inception 15 years ago," said Radek Pluhar, CEO of Home Credit Group. "I would like to congratulate my colleagues on successfully building a business that is trusted by more than 15 million Vietnamese customers. This will be an exciting new beginning. We are preparing for the transition and I am confident that the company will be even more successful."

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

The actual transfer value will be determined at the time of transaction completion.

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