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 Radek Pluhar, CEO of Home Credit Group, adding that he is preparing for the transition and believes 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.
Home Credit Vietnam started operating in the Vietnamese market in 2009 as a pioneer in the consumer finance market and is now one of the leading digital finance companies, with about 6,000 employees serving more than 15 million customers nationwide.
Home Credit Vietnam provides outstanding consumer finance products with three main product lines: installment loans for consumer goods (motorbikes, household appliances, electronics, furniture, etc.), cash loans and credit cards.
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