Kasikornbank (KBank), the second-largest lender in Thailand by total assets, is in preliminary discussions to acquire consumer finance provider Home Credit Vietnam. This move is part of KBank’s ASEAN business expansion. Home Credit Vietnam belongs to the Netherlands-based non-bank financial institution, Home Credit Group, which is planning to offload its ASEAN businesses.
KBank executive vice-president Pattarapong Kanhasuwan revealed the deal is in the early stages and the bank needs to spend more time studying the feasibility and pricing before making a bidding decision.
“In addition to Home Credit, we are exploring other potential deals in Vietnam.”
KBank launched a branch in Vietnam in August 2022, under the ASEAN+3 strategy, aimed at regional expansion through various business models for both organic and…
