Home Credit Philippines acquired

Home Credit Philippines has been acquired today for Php 24.4 billion by two companies: Thailand's Krungsri and Japan's Mitsubishi UFJ Financial Group (MUFG). Home Credit Philippines CEO David Minol said that the acquisition shows the company's success as one of the country's leading consumer finance providers. “The acquisition of Home Credit Philippines is a testament to the strong business it has established in the country and the growth opportunity that Krungsri and MUFG have seen for the company to further expand and maintain its dominance in the local consumer finance market,” Minol said. A report from ABS-CBN News on the acquisition also mentioned that Home Credit Philippines is expected to keep its brand and continue operating as usual, even under the new ownership from the two foreign firms. Home Credit Philippines is easing the pressure of last-minute holiday shopping by rolling out its Great Double Zero Festival, which offers select home appliances, TVs, air conditioners, and smartphones at zero down payment and 0% interest, with installment plans starting as low as ₱19 a day. The promo runs until December 31, 2025, and is available at more than 18,000 Home Credit partner stores nationwide Under the promotion, Home Credit highlights practical gift options designed to make daily life easier for Filipino families. Read more in our articles including "Home Credit Philippines acquired for Php 24.4 billion" and "Home Credit offers zero down, 0% interest holiday promos nationwide".