Kasikornbank (KBank), the second-largest lender in Thailand, is in talks to acquire consumer finance provider Home Credit Vietnam as part of its ASEAN business expansion. KBank is studying the feasibility and pricing before making a bidding decision. The bank aims to reach 20 billion baht in outstanding loans and a customer base of 1.2 million in Vietnam by 2023. KBank’s strategy focuses on business scale, customer base, and competitiveness with digital tech as a key driver. This move aligns with Krungsri’s ASEAN expansion, with the bank acquiring a majority stake in Home Credit’s consumer finance business in Indonesia and the Philippines. Meta Data: {“keywords”:”Kasikornbank, Home Credit Vietnam, ASEAN expansion”}
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