Thailand’s Siam Commercial Bank to acquire Home Credit Vietnam for $851 mln
Thailand’s Siam Commercial Bank (SCB) has signed a sale and purchase agreement to acquire 100% of the charter capital of consumer finance firm Home Credit Vietnam for VND20,973 billion ($851 million).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam SeABank to sell 100% stake of finance unit to Japan's Aeon arm
Private lender SeABank has signed an agreement to transfer its entire stake at Post and Telecommunication Finance Company Limited (PTF) to AEON Financial Service Co., Ltd., the financial arm of Japanese retailer Aeon Group.
Banking & Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam consumer lending companies report heavy losses in H1
Amid the gloomy business picture in the first half of the year, many consumer finance companies and pawnshops in Vietnam have reported heavy losses or plunging profits compared to the same period last year.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Czech senior leader meets with Home Credit
The Czech Republic-backed consumer finance firm Home Credit Vietnam welcomed Deputy Speaker of the Chamber of Deputies of the Czech parliament Jan Bartosek on Friday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
SHB completes 50% stake sale of consumer finance arm to Thai bank Krungsi
Saigon-Hanoi Bank (SHB) has completed the 50% stake sale of SHB Finance, its consumer finance arm, to Thailand's Krungsri Bank, the Vietnamese creditor announced Tuesday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Pawnshop loans need specific regulations to improve service
Vietnam's pawnshop loan market holds huge potential, but there are too many legal grey areas, including rules on fees, lending rates, and debt collection, according to experts.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam police warn of phone bank loan scams
The Ministry of Public Security has warned members of the public about a spate of phone scams involving con artists offering low-interest loans from well-known banks.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legal rules needed for grey areas to help unbanked, underbanked residents: experts
Vietnam needs to build up a proper legal framework to help the consumer finance market develop in a healthy manner and better support the unbanked and underbanked in the country, a Tuesday workshop heard.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Workshop discusses measures for healthy consumer financial market in Vietnam
The Investor will hold a seminar on Tuesday to assess Vietnam's current consumer financial market landscape and examine solutions for its healthy development.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s lending institutions lack responsibility: police official
Some consumer finance institutions in Vietnam have failed to fulfil their responsibilities by providing loans without vetting borrowers thoroughly, said Lieutenant General Tran Ngoc Ha, director of the Criminal Police Department.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
F88 responds to police probe of 5 staff members
Vietnamese financial services firm F88 confirmed Friday that Ho Chi Minh City police are investigating five of its debt collectors, and that it would not conceal any individuals' wrongdoings, if any.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
From rags to riches story ends in police probe
Vietnamese businessman Phung Anh Tuan started out running a small pawnshop but has since built one of the best know financial services firms in Vietnam with a presence across the country, but now the company has found itself in hot water with the police.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
F88 nets $50 mln prior to IPO set for 2024, seeks more funding
Vietnamese consumer finance firm F88 has raised a series C investment of $50 million led by Vietnam-Oman Investment Fund and Mekong Enterprise Fund IV to further expand its distribution network nationwide and digital business ahead of an initial public offering planned next year.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Consumer finance firm F88, Kasikornbank HCMC launch strategic partnership
The Ho Chi Minh City Branch of Thailand’s Kasikornbank has embarked on a strategic cooperation partnership with Vietnamese financial services company F88 to tap unbanked and underserved people in the Vietnamese market.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Consumer finance firm F88 gets $60 mln loan to grow loan book
Vietnamese financial services company F88 has secured a $60 million loan from Lending Ark Asia Secured Private Debt Funds and London-based Lendable to further expand its loan book, F88 said Friday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Home Credit champions ESG standards
Home Credit Vietnam has maintained environmental, social and governance (ESG) standards as part of its business philosophy amid pandemic-induced depleted consumption.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Home Credit navigates fraud risks
Home Credit Vietnam, a leading consumer finance company in the country, has sought to counter fraudulent activities in the sector.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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