Mitsubishi UFJ Financial : MUFG Acquires HC Consumer Finance Philippines and PT Home Credit Indonesia | So Good News


Mitsubishi UFJ Financial Group, Inc. (MUFG)

Company Opinion MUFG Bank Ltd.

MUFG Acquires HC Consumer Finance Philippines and PT Home Credit Indonesia

Tokyo, November 24, 2022 MUFG and MUFG Bank today announced that they have decided to acquire 100.0% of the shares of HC Consumer Finance Philippines, Inc. (“HC Philippines”) and 85.0% of the shares of PT Home Credit Indonesia (“HC Indonesia”), both subsidiaries of Home Credit BV (“HC”), for a purchase price of approximately EUR 596 million (equivalent to approximately JPY 87 billion), through MUFG Bank and its subsidiaries Bank of Ayudhya Public Company Limited (“Krungsri”, a commercial bank in the Kingdom of Thailand) and PT. Adira Dinamika Multi Finance (“ADMF”, a finance company in Indonesia). The acquisition is expected to be completed within 2023, subject to receiving approvals from the relevant authorities.

Based in the Czech Republic, and based in the Netherlands, HC is a consumer loan company, mainly POS loans.[1]. Customers can complete the loan application, disbursement, and collection process effortlessly through a state-of-the-art UI/UX.[2] about his app. HC also has advantages in accurate and fast credit analysis using internal and external data and its unique features.

HC Philippines and HC Indonesia especially with high brand recognition and customer satisfaction; with the largest market share of POS loans in both countries, their app has been downloaded 20 million times in the two countries, and has 13 million loan customers. Although MUFG already has a presence in the Philippines and Indonesia through businesses in our joint venture with Security Bank Corporation and joint venture PT Bank Danamon Indonesia Tbk, this acquisition represents the strengthening and expansion of our retail business in both countries.

After the acquisition, Krungsri will own 75% of the shares of HC Philippines and 75% of the shares of HC Indonesia, MUFG Bank will own 25% of the shares of HC Philippines, and ADMF will own 10% of the shares. HC Indonesia.

MUFG and MUFG Bank aim to promote their business in Southeast Asia through the establishment of business platforms in the region in collaboration with partner banks that MUFG Bank has placed. In doing so, we will continue to strive to support the growth of Southeast Asia.


  1. Credit card sales. A low-cost loan offered to car and home appliance dealers.
  2. Language of Use / Experience.

About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Based in Tokyo and with more than 360 years of experience, MUFG has a global network of approximately 2,400 locations in over 50 countries. The group has approximately 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, funds consumer, product management, and lending. The group aims to “become the most reliable financial group in the world” through the central cooperation between the companies that work and the unwavering response to the financial needs of our customers, helping people, and promoting shared and sustainable growth for a better world. MUFG shares trade on the Tokyo, Nagoya, and New York markets. For more information, visit

About Krungsri

Krungsri is Thailand’s fifth largest financial institution with a history of 77 years. Krungsri provides a variety of banking, consumer finance, investment, asset management, and other financial products and services to consumers, SMEs, and large corporations through branches. 626 domestic. Krungsri Group is also the largest credit card issuer in Thailand. MUFG and MUFG Bank acquired Krungsri as a merged entity in December 2013.

About ADMF

ADMF is a subsidiary of MUFG Bank’s consolidated subsidized company PT Bank Danamon Indonesia Tbk (“Bank Danamon”), mainly engaged in the car loan business. MUFG and MUFG Bank acquired Bank Danamon and ADMF as merged entities in April 2019.

About HC

Founded in 1997, HC is a global financial services provider with operations in seven countries in Central and Eastern Europe and Asia. Based in the Czech Republic, HC offers services including credit and supplementary insurance. It drives and expands financial inclusion and promotes economic development by supporting domestic consumption.

In its 25-year history, the Group has served more than 140 million customers and has more than 100 million registered users.



Opinions of the company Mitsubishi UFJ Financial Group Inc. published this 24 November 2022 and he is responsible for the information contained therein. Published by the Public, unedited and unedited, at 24 November 2022 01:43:07 UTC.

Publicnow 2022



Sales 2023 4 157 B
29 775 m
29 775 m
All funds for 2023 1050 B
7 520 m
7 520 m
Total Loan 2023

P/E ratio 2023 8.60x
Harvest 2023 4.42%
Capitalization 8 972b
64 261 M
64 261 M
Where. / Sales 2023 2, 16x
Where. / Sales 2024 2, 13x
Nbr of Employees 143 900
Free Floating 88.9%


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Number of Researchers 10
Final Closing Price 735.50 JPY
The average price you want 845,00 JPY
Spread / Average Target 14.9%


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