MUFG Bank sells 25% stake in Home Credit PH for JPY26.5b

Security Bank, which is 20% MUFG-owned, is buying the HCPH stake.

MUFG Bank is selling a 25% stake in Home Credit Philippines to Security Bank for $175.93m (JPY26.5b).

Thailand’s Bank of Ayudhya (Krungsri) will continue to hold a 75% ownership stake in HCPH.

Both Security Bank and Krungsri are affiliates of MUFG, and owns 20% of Security Bank and 76.88% of Krungsri. With this, MUFG will ultimately remain a parent company of HCPH, the Japanese megabank said in a pres release.

The transaction is subject to regulatory approvals, with target closing in the first quarter of 2025.

HCPH is a consumer finance company operating in the Philippines. It has over 11 million users, offering point-of-sale (POS) loans, cash loans, revolving credit, and ancillary products such as insurance and guarantee services.

HCPH also has over 15,000 POS locations nationwide.

(US$1 = JPY 150.63; as of 2 December 2024, 11:33 AM)

Follow the link s for more news on

Bank of Ayudha

Home Credit

Krungsri

MUFG

MUFG Bank

Security Bank

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