MUFG’s decision to buy two southeast Asian consumer finance businesses fits in with a theme it has articulated for some years: to compensate for low growth and miserable demographics in Japan by gaining exposure to markets with very different dynamics.
Today [November 24], MUFG said it would acquire 100% of the shares of HC Consumer Finance Philippines and 85% of the shares of PT Home Credit Indonesia. Both of these businesses are subsidiaries of the Dutch-headquartered (but Czech-controlled) consumer finance company Home Credit.
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