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Top related persons:
Athit - 1 KBank - 1 Petr Kellner - 1 Phuong Nguyen - 1 Kane Wu - 1
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Bangkok Thailand Rights HANOI SINGAPORE Vietnam Vietnam Prosperity Asia Netherlands
Top related orgs:
Kasikorn - 1 REUTERS - 1 Rights - 1 Home Credit Vietnam - 1 Bangkok Bank - 1 Stock Commercial Bank - 1 Sumitomo Mitsui - 1 Home - 1

Search resuls for: "Home Credit Group"


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☆ Exclusive: Thailand's KBank in talks to buy Vietnam lender in up to $1 bln deal - sources
  + stars: | 2023-08-22 | by ( Phuong Nguyen Yantoultra Ngui | Phuong Nguyen | Yantoultra Ngui | ) www.reuters.com   time to read: +3 min
REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsHANOI/SINGAPORE, Aug 22 (Reuters) - Thailand's second-biggest lender Kasikornbank (KBANK.BK) is in talks to buy consumer finance provider Home Credit Vietnam in a deal of up to $1 billion that would further its push to expand in Vietnam, two sources said. The Bangkok-based lender, also called KBank, hopes to become one of Vietnam's top 20 banks in terms of assets by 2027. It has total assets worth $119.7 billion, second only to Bangkok Bank (BBL.BK) in Thailand, Refinitiv data showed. KBank and Home Credit Group did not respond to Reuters' requests for comments. Home Credit Group is controlled by the Czech Republic's biggest investment group, PPF, which was founded by late billionaire Petr Kellner.
Persons: Athit, KBank, Petr Kellner, Phuong Nguyen, Kane Wu Organizations: Kasikorn, REUTERS, Rights, Home Credit Vietnam, Bangkok Bank, Stock Commercial Bank, Sumitomo Mitsui, Home, Home Credit, Home Credit Group, Thomson Locations: Bangkok, Thailand, Rights HANOI, SINGAPORE, Vietnam, Vietnam Prosperity, Asia, Netherlands, Czech, Hanoi, Singapore
☆ Japan's Mitsubishi UFJ to buy two Asia units of Home Credit for $596 mln
  + stars: | 2022-11-24 | by ( Makiko Yamazaki | ) www.reuters.com   time to read: +2 min
TOKYO, Nov 24 (Reuters) - Japan's Mitsubishi UFJ Financial Group Inc (8306.T) said on Thursday it would buy the Philippines and Indonesian units of Dutch consumer finance company Home Credit Group BV for about 596 million euros ($621 million). The acquisitions will be made through Japanese unit MUFG Bank, Thai unit Bank of Ayudhya PCL (BAY) (BAY.BK), and Indonesian unit Adira Dinamika Multi Finance (ADMF), with the deal to be completed within 2023, the company said. Home Credit (HC) is controlled by the Czech Republic's biggest investment group, PPF, which was founded by late billionaire Petr Kellner. read moreAfter the completion of the deal, Bank of Ayudhya will hold 75% of the shares of HC Philippines and 75% of the shares of HC Indonesia. MUFG Bank will hold 25% of HC Philippines, and ADMF will hold 10% of HC Indonesia shares.
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