Thai Banks, KB Said to Vie for $700 Million Home Credit Vietnam

Thailand’s biggest banks Kasikornbank Pcland SCB X Pcl are among the final bidders for consumer lender Home Credit’s business in Vietnam, according to people familiar with the matter.

KB Kookmin Bank, a unit of South Korea’s KB Financial Group Inc., has also proceeded into the next round, the people said, asking not to be identified because the matter is private. A deal could value the assets at about $700 million, the people said.

Home Credit aims to identify a buyer for its Vietnamese business before the end of this year, the people said. Considerations are ongoing and the ...