Home Credit Vietnam changes ownership, falls into the hands of SCB Bank Thailand

Home Credit Vietnam changes hands, falls into the hands of SCB Bank Thailand. Photo HC

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 the international investment group, PPF – started operations 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 been 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, adding that he is preparing for the transition and believes that the company will be even more successful.

SCBX is the parent company of SCB and one of the leading financial technology 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 currently 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 in three main categories: installment loans for consumer goods (motorbikes, household appliances, electronics, furniture, etc.), cash loans and credit cards.

Source: https://laodong.vn/kinh-doanh/home-credit-viet-nam-doi-chu-ve-tay-ngan-hang-scb-thai-lan-1309339.ldo