Home Credit & Finance Bank
From Wikipedia, the free encyclopedia
Home Bank is a private retail bank headquartered in Moscow. It was registered by the Bank of Russia in 1992 under the name Innovation Bank "Technopolis". In 2002, after the acquisition of 100% share by the international group Home Credit, the bank began to work under the name of LLC "HCF Bank" (ХКФ банк).[2]
Native name | Хоум Банк, ХКФ Банк |
---|---|
Company type | LLC |
HCFB | |
Industry | Financial services |
Predecessor | Innovation Bank Technopolis |
Founded | 2002; 22 years ago (2002) |
Headquarters | Moscow , Russia |
Key people | Alexander Skabara (Chairman of the Board),[1] Jiri J Smejc (Directors Board Chairman)[2] |
Revenue | 69,766,000,000 Russian ruble (2019) |
RUB 46.2 billion (2019)[3] | |
RUB 15.8 billion (2019)[3] | |
Total assets | RUB 343.8 billion (2019)[4] |
Total equity | RUB 84.4 billion (2019)[5] |
Owner | PPF |
Parent | Home Credit BV |
Subsidiaries | Home Credit Bank Kazakhstan, JSC |
Rating | BB− (Fitch) (2020)[6] A(RU) (ACRA) (2022)[7] ruBBB+ (Expert RA) (2022)[8] |
Website | www |
It ranked 35th in terms of assets, and it was among the top 15 banks in the Russian retail lending market. It possessed the following ratings of Russian and international rating agencies: Fitch — "CC", Expert RA — "ruBBB+" and ACRA — "A(RU)".[6][8][7] In November 2020, the bank was headed by Dmitry Peshnev-Podolsky.[9] Under his leadership, Home Credit Bank is preparing for the next step of digital transformation and business diversification process.[10]
Home Credit Russia is the one from two, the largest subsidiaries of the group of the same name.[11] HCFB (including Kazakhstan operations) reported a net profit of 3.7 billion Ruble in 1H2020, as against 15.8 billion Ruble during 2019.[11]
In February 2024, Sovcombank announced its intention to buy Home Credit. The deal is planned to be completed in 2024-2025. 51% will be purchased for shares of Sovcombank's additional issue (5%), then the remaining 49% for cash.[12]