Thailand’s KBank in talks to buy Vietnam lender in up to $1-B deal -sources

HANOI/SINGAPORE - Thailand'ssecond-biggestlenderKasikornbank is intalkstobuyconsumer finance provider Home CreditVietnamin adealofupto $1billionthat would further its push to expand inVietnam, twosourcessaid. The Bangkok-basedlender, also calledKBank, hopes to become one ofVietnam's top 20 banks in terms of assets by 2027. It has total assets worth $119.7billion, second only to Bangkok Bank in Thailand, Refinitiv data showed. The news comes at a time whenVietnamese banks are under pressure as a slowing economy and protracted turmoil in the real estate sector have stoked anuptick in bad loans and triggered broad rate cuts. A potentialdealwould underscore a trend of consolidat...

Keep on reading: Thailand’s KBank in talks to buy Vietnam lender in up to $1-B deal -sources

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