Home Credit

Home Credit Group (or Home Credit) is a global provider of consumer loans based on the latest financial technologies. It operates across three continents, mainly in markets with high growth potential. PPF Group holds a majority interest in Home Credit.

Founded in the Czech Republic in 1997, the company focuses on the responsible provision of consumer loans. It successfully offers inclusive financial services to clients who would not have otherwise had access to any standard bank loans.

Home Credit currently offers its services to customers in the Czech Republic (since 1997), Slovakia (since 1999), Russia (since 2002), Kazakhstan (since 2005), China (since 2007), India (since 2012), Indonesia (since 2013), the Philippines (since 2013), Vietnam (since 2014), and the US (since September 2015, in partnership with the telecom operator Sprint). It is subject to the oversight of the central financial sector authorities in all these countries.

In these countries, more than 28 million clients are actively using its services. Since it was established, the Group has served 116 million customers (data as at 31 December 2018). This achievement is primarily attributable to the fact that Home Credit offers its services to clients who have not yet had access to bank loans, making it a sought-after partner for the world’s largest manufacturers of consumer goods, including mobile telephones.

The Group also continues to support innovations in the new, rapidly developing segments of consumer finance; this is borne out by the success of Zonky, a P2P platform in the Czech Republic, which has grown from a start-up into the most successful player in this market. Zonky has intermediated loans totalling CZK 4.5 billion to date.

Home Credit Group had 125,000 employees at the end of the year. 

Distribution Model

The Group offers its services through an extensive network of points of sale: shops, bank branches, special loan kiosks, and post offices, totalling more than 437,000 globally. Home Credit also offers its services online, via e-shops and using its own applications, as well as through social networks. The backbone of its operations is lending in retail shops (known as POS lending), in which Home Credit finances durable goods, always in the local currency.

Home Credit services are simple, understandable and quick. This differentiates the Group from its competitors, ensuring its position as a leading player in a number of local markets in Europe and Asia. In countries where Home Credit holds banking licences, the Group also offers transactional banking for individuals in addition to loans, and accepts deposits which are an important source of funding for its lending. The Group’s product portfolio differs somewhat by country, and evolves as the various markets mature and local customers’ needs change.

Ownership Structure

The majority shareholder (a 91.12% stake) of Home Credit Group B.V. is PPF Group. A minority stake (8.88%) in Home Credit Group B.V. is held by EMMA OMEGA LTD, an investment holding company ultimately owned by Jiří Šmejc. Home Credit Group B.V. is a 100% shareholder of Home Credit N.V.

For more information about HCNV please visit homecredit.net.

Home Credit B.V.: Key Business Highlights (consolidated)