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KBank mulls buying Home Credit Vietnam

Company eyes regional expansion

A KBank booth at a Money Expo. The bank opened a branch in Vietnam in August 2022. (Photo: Nutthawat Wicheanbut)

Kasikornbank (KBank) is exploring an acquisition deal with Home Credit Vietnam as part of its Asean business expansion.

KBank is in talks to buy consumer finance provider Home Credit Vietnam, which is part of the Netherlands-headquartered non-bank financial institution Home Credit Group.

Home Credit Group plans to sell its businesses across Asean, said KBank executive vice-president Pattarapong Kanhasuwan.

“The deal is in the…

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