Home Credit Group

Home Credit Group is a member of the PPF group of companies, founded in 1991 and engaged in insurance and consumer lending, as well as providing comprehensive asset management services.

Home Credit Group companies operate in the financial markets of Central and Eastern Europe, as well as Central Asia and the Far East.

Home Credit Group is one of the leaders in the consumer lending markets of the Czech Republic (since 1997), the Slovak Republic (since 1999), the Russian Federation (since 2002) and the Republic of Kazakhstan (since December 2005). In 2006, Home Credit Group also entered the markets of Ukraine, Belarus, in December 2007 - the Chinese market.

Performance indicators

The total amount of loans issued by the Group at the end of 2007 amounted to 3.3 billion euros.

Business in Russia and CIS countries

• HKF Bank
• Home Credit Express
• Home Credit Bank Minsk

2022

PPF sells 49.5% of Home Credit Insurance and Buy No Cops, as well as Forward Leasing to investors led by Ivan Tyryshkin

In May 2022, against the backdrop of a special operation by Russia in Ukraine, the Czech PPF, which owns the Home Credit credit institution, sold 49.5% of its shares in Home Credit Insurance and the microcredit company Buy Not Dig in Russia to a group of investors led by Ivan Tyryshkin.

Tyryshkin also bought Forward Leasing from one of the structures of the Home Credit group.

Transfer of Home Credit Bank assets in Russia to IST Group

In April 2022, it became known that the owner Home credit of "" - the Czech an investment company - PPF Group began to transfer assets Russia in the group. IST Alexander Nesis We are talking about land plots with an area of ​ ​ more than 200 hectares To Moscow in and regions.

According to Kommersant, citing its own sources and SPARK data, on March 29, PPF Group transferred to DDS (its founder is Vladislav Resin, who oversees development projects in St. Petersburg of the IST group Alexander Nesis) 99.99% in LLC ISK Klokovo (owns 130 hectares in New Moscow). The company also transferred the rights to several plots with a smaller area - from 3.2 hectares of territories near Skolkovo to 53 hectares in Togliatti.

In April 2022, it became known that the owner of Home Credit, the Czech investment company PPF Group, began transferring assets in Russia to the IST group of Alexander Nesis.

According to one of the sources of the publication, PPF is also considering the possibility of transferring its commercial real estate in Russia to the IST group. At the same time, a source close to the Czech investment company explained that it does not plan to completely leave the country.

When selling a portfolio of commercial real estate, the level of debt burden secured by these objects and how much revenue from this real estate allows servicing loan obligations will play a big role, says Alan Baloev, partner at Commonwealth Partnership. As a rule, now European companies are transferring assets to Russian top managers. So, for example, the British Raven Property Group Foundation entered, which transferred its speech therapy facilities to the Russian Federation.

The publication of Kommersant also says that PPF Group has been selling assets transferred to the IST group on the open market for several years. But, given the current situation and the heterogeneity of assets, it is difficult to sell them at a value favorable to PPF Group: the buyer would most likely request a significant discount, says Igor Kuzmin, investment analyst at Accent Capital.^[1]