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Thai banks in lead to buy Home Credit's Vietnam business

Kasikornbank and SCB X from Thailand, alongside South Korea's KB Kookmin Bank, are leading the race to acquire Home Credit's Vietnamese operations, potentially valued at USD700m. The sale is part of Home Credit's strategic refocus towards Europe under the PPF Group after its late owner Petr Kellner's family shifted investment priorities. The transaction, which seeks to conclude by year-end, follows Home Credit's disposal of its Indonesian and Philippine entities to Mitsubishi UFJ Financial Group's Thai unit. Negotiations remain tentative, with parties still able to withdraw. PPF Group and the banks involved have either declined to comment or not responded to inquiries.


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