The Business Times

SCB X

Banking & Finance

Biggest Thai Bank to buy Home Credit Vietnam for US$860 million

SCB X, Thailand’s biggest bank by market value, agreed to buy consumer lender Home Credit’s business in Vietnam for about US$860 million in a bid to widen its regional footprint.

Home Credit kicked off the sale process last year, also attracting interest from Thailand’s Kasikornbank and KB Kookmin Bank, a unit of South Korea’s KB Financial Group.
International

Biggest Thai bank said to be near purchase of Home Credit Vietnam

SCB X, Thailand’s biggest bank by market value, is close to an agreement to buy consumer lender Home Credit’s business in Vietnam in a deal that could be worth as much as US$900 million, according to ...

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