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SCBX Acquires Home Credit Vietnam business From Home Credit Group

SCB Siam Commercial Bank Public Company Limited (“SCB”) to purchase 100 percent of the charter capital of Home Credit Vietnam Finance Company Limited (“Home Credit Vietnam”), which operates the business of providing consumer loans. (Consumer Finance) in Vietnam from Home Credit NV (“Home Credit Group”), with an investment value of approximately 20,973 billion Vietnamese dong or approximately 31,000 million baht. The transaction is expected to be completed within the first half of 2025, depending on with approval from the relevant regulatory authorities.

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Home Credit Vietnam was founded in 2008 and is now one of the leaders in the consumer credit market in Vietnam. Which provides consumer durable loans, revolving loans, cash loans, and two-wheeler loans to Vietnamese consumers in the mass and upper mass segments. Home Credit Vietnam provides services.

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Home Credit Vietnam has a strong and diverse distribution channel network (Omni Channel), which combines both online and offline communication and distribution channels to create a good experience for customers. seamlessly There is an organizational culture that places importance on careful risk management. Has the ability to collect debts efficiently and a highly modern digital infrastructure.

Mr. Athit Nanthawithaya , Chief Executive Officer of SCB To aim to be a leading financial technology group in the region. Helps strengthen SCBX in the high-growth ASEAN market. and to increase value and returns for shareholders in the long term.”

Mr. Radek Pluhar, CEO of Home Credit Group, said: “Since starting our business 15 years ago, Home Credit Vietnam has grown rapidly to become a market leader. I would like to congratulate all my fellow employees who have built a successful business and earned the trust of serving more than 15 million Vietnamese customers. Today we are passing the baton to the group. SCBX that will be the new owner I am confident that I will continue to create growth and a brighter future for the Home Credit Vietnam business.”

About SCBX

SCBX drives and powers the development and execution of strategic initiatives, with a particular emphasis on financial enterprises and digital technologies. This includes pursuing new business opportunities, M&A, strategic investments, partnerships, and divestitures. It captures some of the biggest growth opportunities with superior returns, by adapting to consumers’ changing behaviors and demands in a timely manner.

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