According to the announcement, the transfer agreement is valued at approximately 800 million euros (about 866 million USD), and the transfer process is expected to be completed in the first half of 2025, after obtaining approval from the competent authorities of Vietnam and Thailand.
Home Credit Vietnam – owned by international investment group PPF – started its operations in 2009 and is the first company of the Home Credit Group in Southeast Asia. Home Credit Vietnam is one of the leading companies in the consumer finance sector in Vietnam. The company holds the second largest market share, accounting for about 14% of the total consumer lending market value. In addition, the company has been particularly focused on driving digitalization strategy in recent years.
SCBX is the parent company of SCB Thailand and is one of the leading financial technology groups in Thailand. The group consists of 12 subsidiary companies operating in 3 sectors: banking, consumer finance and digital, and technology connectivity platform. SCB Thailand, in particular, is a large bank with the 4th largest total assets in the Land of Smiles.
The actual transfer value will be determined at the time of completion of the transaction.
Thailand’s largest bank to invest 860 million USD in acquiring Home Credit Vietnam
