The Siam Commercial Bank, a provider of a full range of banking and financial services, agreed to acquire the consumer finance business in Vietnam of Home Credit, an international consumer finance provider, for $851m. “Home Credit Vietnam has grown rapidly to a market leadership position since the business launched fifteen years ago. I wish to congratulate my colleagues on building a successful and respected business that has served over 15m Vietnamese customers as they look ahead to this exciting new chapter. We are passing the baton to new owners and I am confident the business has an even brighter future,” Radek Pluhar, Home Credit Group CEO.