Home Credit

Home Credit B.V.
Home Credit Group
Industry Consumer loans and Personal loans
Founded 1997 (as Home Credit a.s.)[1]
1999 (as Home Credit B.V.)[2]
Headquarters Amsterdam, Netherlands
Area served
 Eastern Europe, Central Europe, Asia and United States
€ 3.123 billion (2017)[3]
€ 244 million (2017)[3]
Total assets € 21.53 billion (2017)[3]
Total equity € 2.03 billion (2017)[3]
Owner
Number of employees
 61,207 (2015)[2]
Subsidiaries Home Credit & Finance Bank
Website www.homecredit.net

Home Credit B.V. is an international non-bank financial institution founded in 1997 in the Czech Republic and headquartered in Netherlands.[4][5] The company operates in 14 countries and focuses on lending primarily to people with little or no credit history. As of 2016 the company has over 15 million active customers, with two-thirds of them in Asia and 7.3 million in China.[6] Major shareholder of company is PPF, a privately held international financial and investment group owned by Petr Kellner, which controls an 88.62% stake.

In 1999, Home Credit a.s. was founded in the Czech Republic and in 1999 company expanded to Slovakia. In 2000s company started to expand to Commonwealth of Independent States countries - Russia, Kazakhstan, Ukraine and Belarus.[2] As of 2007 the company was the second largest consumer lender in Russia.[4] In 2010s company expanded to Asia - China, India, Indonesia, Philippines and Vietnam.[2] In 2010 the company was first foreign company to set up as a consumer finance lender in China.[7] In 2015 company launched its operations in the United States of America through a partnership with Sprint Corporation.[2]

References

  1. ↑ Home Credit: About us
  2. 1 2 3 4 5 Home Credit Group Annual Report 2015
  3. 1 2 3 4 "Key financial data". www.homecredit.net. Retrieved 2018-07-23.
  4. 1 2 Cienski, Jan (6 June 2007). "The man who caught a rising tide Petr Kellner has become central Europe's richest man by offering loans to a middle class on the point of prosperity". Financial Times.
  5. ↑ Financial Times: PPF to float Home Credit to fund EM expansion
  6. ↑ "Home Credit to offer more loan products - Business - Chinadaily.com.cn". China Daily. Retrieved 22 January 2017.
  7. ↑ "China allows first foreign loan provider". Financial Times. 10 November 2010. Retrieved 22 January 2017.


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