Siam Commercial Bank to acquire Home Credit Vietnam from PPF Group for $864m.

Siam Commercial Bank, an universal bank, agreed to acquire Home Credit Vietnam, a consumer finance business, from PPF Group, an international diversified investment group, for $864m. “The acquisition of Home Credit Vietnam, marking a significant milestone in SCBX’s journey to become a leading regional financial technology group. This strategic acquisition strengthens our presence in the high-growth ASEAN market and also increases value and maximizes return to our shareholders in the long term,” Arthid Nanthawithaya, SCB X CEO.