Home Credit Philippines acquisition

Home Credit Philippines recently signed an agreement for an additional ₱7 billion loan facility with BPI. This is the third loan credit facility extended to Home Credit by BPI. Home Credit Philippines has been a pioneer in financial inclusion efforts in the Philippines for more than a decade. Home Credit was also issued a double-A Issuer Credit Rating with stable outlook by PhilRatings in 2023. HC Consumer Finance Philippines Inc., Home Credit Philippines’ corporate entity, was also acquired by Thailand’s Krungsri (Bank of Ayudhya PCL) and Japan’s MUFG (Mitsubishi UFJ Financial Group, Inc.) in June 2023. Home Credit stands as the largest consumer finance company in the Philippines. 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. Read more in our articles including "Home Credit signs 7B Loan Credit Facility with BPI" and "Home Credit Philippines acquired for Php 24.4 billion".