Exclusives | Asia

Thailand’s KBank in talks to buy Vietnam lender in up to $1 bln deal – sources 

22 August 2023, 12:00 am
1 min read

Reuters exclusively reported that Thailand’s second-biggest lender Kasikornbank (KBANK.BK) is in talks to buy consumer finance provider Home Credit Vietnam in a deal worth up to $1 billion that would further its push to expand in Vietnam. The Bangkok-based lender, also called KBank, hopes to become one of Vietnam’s top 20 banks in terms of assets by 2027. It has total assets worth $119.7 billion, second only to Bangkok Bank (BBL.BK) in Thailand, Refinitiv data showed.