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    Home Credit B.V. shareholders have no plans to sell Home Credit Russia
    05/21/2014

    Home Credit B.V., the holding structure consolidating shareholdings in leading consumer finance providers and retail banks in nine countries of Central and Eastern Europe and Asia, absolutely refutes allegations published in the Izvestia newspaper that it is preparing a sale of the Russian Home Credit Bank.

    “The Board of Directors of Home Credit has not discussed any plans to sell our Russian bank. Rumours about it being put up for sale are not based on facts. Such insinuations are absolutely groundless, and their publication in the media may be aimed at damaging the bank’s position in the market. Either the alleged ‘bank insider’ sources being quoted in the Izvestia article are deliberately lying or these quotes were simply fabricated by the journalists”, said Jiri Smejc, CEO of Home Credit Group and one of the shareholders of Home Credit B.V.

    “We hope that regulations being considered by the State Duma at the present time, to prevent and  punish groundless speculation about banking market players, will assist in the fight against such speculative media publishing”, Jiri Smejc highlighted.

    The Russian Home Credit bank has been developing a number of strategic business initiatives aimed at addressing recent changes in the retail banking market and the country’s slowdown in economic growth. Through its partner network, Home Credit attracts 3 million new borrowers each year and is developing significant improvements in the quality of its products and services to secure the loyalty of its best clients.

    The Home Credit B.V. Holding shareholders have authorised the CEO to confirm their strong commitment to developing Home Credit Bank as an integral part of the Russian banking system. The shareholders have no plans to sell.

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