FiinGroup completed Market Evaluation & Target Assessment to support SCBX on its acquisition of Home Credit Vietnam, bolstering the Group’s position in the region’s thriving financial ecosystem.

This strategic acquisition not only indicates SCBX's ambitious regional expansion strategy but also represents a significant transformation in the consumer lending landscape across the region.

FiinGroup is delighted to share that on February 28, 2024, its Client, SCB X Public Company Limited (“SCBX”) announced that The Siam Commercial Bank Public Company Limited (“SCB”) has entered into a sale and purchase agreement to acquire 100% stake of Home Credit Vietnam Finance Company Limited (“Home Credit Vietnam”), the second largest consumer finance company in Vietnam.

The consideration of the transaction could amount to approximately VND 20,973 billion (equivalent to approximately THB 31 billion) and is expected to be completed by the first half of 2025, subject to approvals from the relevant competent authorities.

FiinGroup was engaged to perform an in-depth market assessment and preliminary target review prior to this transaction.  

SCBX has shared appreciation toward FiinGroup team’s in-depth sector insights that support SCBX in thorough understanding consumer finance market in Vietnam, growth potentials, competitive landscape, the target’s market positioning as well as in making informed business and investment decisions.”

Mr. Hai Khieu, Director and Head of Market Research & Consulting at FiinGroup, said: “We are delighted to have supported SCBX in the transaction. This transaction again showcases FiinGroup’s extensive expertise in the consumer finance sector in Vietnam and our ability to support foreign investors in penetrating/expanding in Vietnam market. We are proud that FiinGroup’s services contribute to supporting 40% of inbound capital inflow into Vietnam via M&A in 2023. We anticipate Home Credit will capitalize on the Vietnam consumer finance market's substantial growth potential and thrive under the new shareholder's leadership.”

About SCB X Public Company Limited (“SCBX”)

SCBX is the mothership of the financial technology business group, comprising 12 subsidiary companies that operate across three key business pillars: Banking Business, Consumer and Digital Finance Business, and Platform and Technology Business. In addition, SCBX also focuses on Climate Technology, aspiring to become ‘The Most Admired Regional Financial Technology Group’. The company conducts its business with flexibility and prudence in governance and risk management and has possesses the potential to compete equally in global competitions.

About Siam Commercial Bank (“SCB”)

The Siam Commercial Bank PCL is the first Thai bank. The bank is one of Thailand’s leading universal banks, providing a full range of financial services through its nationwide branch network to clients in all segments, including wholesalers, SMEs, and retail banking services. SCB is committed to becoming Thailand’s “Most Admired Bank” with “Digital Bank with Human Touch” vision and “the number one in universal digital bank in wealth management, offering seamless experiences across all channels to customers” mission by balancing value propositions for all stakeholders – customers, employees, shareholders, regulators, and society – and becoming a leader in shaping the future of Thailand’s banking industry.

About Home Credit Vietnam

Home Credit Vietnam is a leading digital financier that has been serving more than 15 million customers nationwide for the past 15 years. The company is strongly committed to promoting financial inclusion and empowerment through its innovative, tech-forward, and responsible financial products.

With strong commitment to excellence and sustainability, Home Credit continues to empower people to live the life they want, driving positive change and contributing to the growth of Vietnam's economy.

About FiinGroup

FiinGroup is Vietnam’s leading provider of financial data analytics platforms, business information, market research and consulting, credit ratings, and other data-driven analytics services via Platform as a Service (PaaS), annual package, and on-call services.

FiinGroup has successfully supported various local and foreign investors in conducting commercial due diligence, market assessment merger filing support and deal/market entry advisory works to penetrate/ expand their business in the Vietnam market, including financial services, fintech, infrastructure and utilities, environmental sectors, logistics, construction and building material, and other key industries.

For more information about FiinGroup’s support and other investor services and how we can support you, please call +84 (24) 3562 6962 or email research.support@fiingroup.vn.

For FiinGroup’s credentials in the Financial Services sector and other investor services, please refer to the LINK.