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Monday, May 13, 2024

KBank in talks to buy Vietnam lender in up to $1bn deal

A man walks past the entrance to the KBank Building in Rat Burana district, Bangkok. (Photo: Pornprom Satrabhaya)

HANOI/SINGAPORE – Thailand’s second-biggest lender Kasikornbank (KBank) is in talks to buy consumer finance provider Home Credit Vietnam in a deal worth up to US$1 billion that would further its push to expand in Vietnam, two sources said.

The Bangkok-based lender hopes to become one of Vietnam’s top 20 banks in terms of assets by 2027. It has total assets…

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