Thailand’s Siam Commercial Bank to acquire Home Credit Vietnam for $851 mln

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

Thailand's Siam Commercial Bank posts 2022 profit of $3 mln in Vietnam

Thailand's Siam Commercial Bank posts 2022 profit of $3 mln in Vietnam

The Ho Chi Minh City branch of Siam Commercial Bank, the only Vietnamese branch of the Thai bank, recorded a post-tax profit of $2.92 million in 2022, nearly quadruple year-on-year.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, neighbors to gain stronger growth momentum this year: Thai bank

Vietnam, neighbors to gain stronger growth momentum this year: Thai bank

Cambodia, Laos, Myanmar, and Vietnam will gain stronger growth momentum in 2023, with a 6.2% rate for the Vietnamese economy, the highest among the four, Siam Commercial Bank’s Economic Intelligence Center forecasts.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

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