Home Credit Group is one of Europe’s leading providers of consumer finance. It serves consumers throughout Central and Eastern Europe (“CEE”), Russia, the countries of the Commonwealth of Independent States (“CIS”) and across Asia. While Amsterdam (in the Netherlands) hosts the Group holding companies - “Home Credit B.V.” and “HC Asia N.V.”, it is from Prague, in the Czech Republic, where a pool of Group senior experts advise each country management team in key business areas.
History
Since 1997, Home Credit Group has rapidly established itself as a market leader in consumer finance, entering attractive and high growth markets ahead of its competitors, particularly in the CIS. Home Credit Group is currently active in 8 countries: Czech Republic (Home Credit a.s., since 1997), Slovakia (Home Credit Slovakia, a.s., since 1999), Russian Federation (OOO Home Credit & Finance Bank, since 2002), Kazakhstan (AO Home Credit Bank, since 2005), Ukraine (OAO Home Credit Bank, since 2006), Belarus (OAO Home Credit Bank, since 2007), China (HC Asia N.V., since 2007) and Vietnam (PPF Vietnam Finance Company Ltd., since 2009).
14,200 employees serve more than 5.7 million customers across all geographies where the services are provided under the Home Credit brand (as of 30 June 2009).
Products and services
Home Credit Group‘s core business is to provide consumer finance services. It provides loans primarily to customers seeking purchases of durable goods. Home Credit offers loans to first-time borrowers, as well as revolving credit lines and credit cards to existing customers who have already repaid loans to Home Credit. As Home Credit Group’s business expands the company is also selectively adding retail deposit services for its customers.
Home Credit Group provides qualified mass-market customers with a comprehensive range of lending products including point of sales (“POS”) loans, credit cards and cash loans. In certain countries, Home Credit offers different kinds of deposit products and current accounts as well. Qualified mass-market customers are defined as a segment of the market which is not deemed typical of the target segment for traditional retail banks.