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Home Credit Group closes Indonesia business sale

Home Credit International, a.s.

3/10/2023 | 1 minute to read

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Home Credit Group B.V., the PPF Group’s consumer finance division, today announced the completion of the transaction to transfer its Indonesia business.

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The acquirer is a consortium of Mitsubishi UFJ Financial Group affiliates, led by Krungsri (Bank of Ayudhya Public Company Limited), a leading Thai financial institution. All regulatory conditions have been met and relevant approvals secured. The transaction is now completed.

“Today marks an exciting milestone in the life of the Indonesia business that we set up a decade ago and grew from scratch,” said Radek Pluhar, Home Credit Group CEO. “It is a testament to the hard work and dedication of our teams that they have built an operation that has attracted the attention of the new owners. I wish everyone connected with the business, a prosperous future.”