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 Finance Company Limited (Home Credit Vietnam) to the buyer, The Siam Commercial Bank Public Company Limited (SCB), a member of SCBX Public Company Limited (SCBX).

The transfer deal is worth approximately €800 million and the transfer is expected to be completed in the first half of 2025, subject to approval by the competent authorities of Vietnam and Thailand.

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

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

“ Home Credit Vietnam has grown rapidly to take the leading position in the market since its inception fifteen years ago ,” said Mr. 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 believe 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.

Bao Anh

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