PPF Group Agrees to Sell Home Credit in Vietnam

The transaction agreement has been reached for a consideration of approximately EUR 800 million and is expected to be completed in the first half of 2025.

Since its launch in 2009, as PPF’s first consumer finance operation in South-East Asia, Home Credit Vietnam has grown to become a leading digital financier, serving more than 15 million customers nationwide for the past 15 years. It currently holds an approximately 14% market share and employs 6,000 people. 

“Home Credit Vietnam has grown rapidly to a market leadership position since the business launched fifteen years ago,” said Radek Pluhar, CEO Home Credit Group. “I wish to congratulate my colleagues on building a successful and respected business that has served over 15 million Vietnamese customers as they look ahead to this exciting new chapter.” 

SCBX - a Thai headquartered financial technology business group with operations across Asia – are ultimate owners of SCB, the Thailand’s fourth largest bank by total assets.

Home Credit Group is an international consumer finance provider operating across multiple markets. Coming from the Czech Republic, Home Credit offers a range of services, including credit and ancillary insurance products. The Group has served over 140 million customers and has over 100 million registered app users globally.