To install click the Add extension button. That's it.

The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. You could also do it yourself at any point in time.

How to transfigure the Wikipedia

Would you like Wikipedia to always look as professional and up-to-date? We have created a browser extension. It will enhance any encyclopedic page you visit with the magic of the WIKI 2 technology.

Try it — you can delete it anytime.

Install in 5 seconds
4,5
Kelly Slayton
Congratulations on this excellent venture… what a great idea!
Alexander Grigorievskiy
I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
Live Statistics
English Articles
Improved in 24 Hours
Added in 24 Hours
Languages
Recent
Show all languages
What we do. Every page goes through several hundred of perfecting techniques; in live mode. Quite the same Wikipedia. Just better.
Great Wikipedia has got greater.
.
Leo
Newton
Brights
Milds

Home Credit

From Wikipedia, the free encyclopedia

For other uses, see Home credit (disambiguation).

Home Credit B.V.
Home Credit Group
IndustryConsumer loans and Personal loans
Founded1997 (as Home Credit a.s.)[1]
1999 (as Home Credit B.V.)[2]
HeadquartersAmsterdam, Netherlands
Area served
Eastern Europe, Central Europe, Asia and United States
€ 4.249 billion (2019)[3]
€ 400 million (2019)[3]
Total assets€ 26.590 billion (2019)[3]
Total equity€ 2.873 billion (2019)[3]
Owner
Number of employees
116,700 (2019)[2]
Websitehomecredit.net Edit this at Wikidata

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 9 countries and focuses on installment lending primarily to people with little or no credit history. As of 30 June 2020 the Group has cumulatively served over 135.4 million customers.[6] Major shareholder of the Group is PPF, a privately held international investment group whose founder and major beneficiary was Petr Kellner with 88.62% stake.[7]

The Home Credit loan can be obtained from throughout 342.7 thousands partnering retail shops and shopping malls in ten world markets as well as at the Home Credit's own online marketplaces (Russia, China, Philippines and Vietnam). Home Credit is also presented online in its own mobile application or in a third-party online stores. In selected markets you can pay with a „HC Pay“, a QR code-based revolving credit or with Home Credit credit or shopping cards. Home Credit finances both the purchase of consumer goods through a cash-less loan transaction or other commodities, such as language courses, travel etc. through a cash loans. The loans are always issued in domestic currency of the market in which the brand operates.[8]

YouTube Encyclopedic

  • 1/5
    Views:
    702
    146 614
    676
    87 202
    51 956
  • Mel Carvill: Home Credit is a remarkable success story
  • HELOC Vs Home Equity Loan: Which is Better?
  • Grow with Home Credit Group
  • 🔴 Biden's NEW Mortgage Rule Punishes Homebuyers With GOOD Credit By Making Them Pay MORE
  • Home credit loan foreclosure | how to foreclosure home credit personal loan

Transcription

History

In 1997, Home Credit a.s. was founded in the Czech Republic and in 1999, the 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, specifically China, India, Indonesia, Philippines and Vietnam.[2] In 2010 the company was the first foreign company to set up as a consumer finance lender in China.[9] In 2015 Home Credit Group launched its operations in the United States of America through a partnership with Sprint Corporation.[2] The group offers loans in 434,232 retail stores and also in digital space.[10][11]

In 2017 PAG initiated investment of 2 billion RMB into Home Credit Group's Chinese business entity as an interest-bearing convertible loan.[12][13] The deal was subsequently terminated in 2018 by PAG and Home Credit Group repaid the loan with interest.[14]

In 2018 Home Credit Group initiated sale of its Czech operation consisting of Home Credit Czech and Slovak and Air Bank to Moneta Money Bank.[15] The deal was criticized as one-sided deal that gives Home Credit's subsidiaries unusually high valuation with unusual terms of the deal that would lead to renaming of Moneta Bank to Air Bank.[16] The criticism was strengthened also because of Moneta Chief Executive Tomas Spurny being historically connected to Home Credit Group majority shareholder PPF Group.[17][18] In February 2019, Moneta based on feedback from its shareholders revised offer with lower valuation.[19] In October 2019, Home Credit India has tied up with The Karur Vysya Bank Ltd, a commercial bank having its head office at Karur, Tamil Nadu, India for joint lending.

In 2019, the company was preparing IPO in Hong Kong, however it was scrapped after investors estimated the value between 5 and 7.5 billion euros, whereas shareholders were targeting market capitalization of 10 billion euros.[20]

Home Credit China

Home Credit entered China in 2007 and applied for a pilot consumer finance license in 2010.[21] Home Credit was asked by Chinese officials to help improve relationship between China and the Czech Republic in order to receive full license.[22] Since 2010, Home Credit's parent company PPF helped swing anti-communist international relations sentiment towards strong China ally.[23] In 2014, PPF helped arrange visit of the Czech president Miloš Zeman to China and subsequently helped pay for private plane for the return trip.[24] The company in 2014 also received nation-wide license for consumer finance lending.[25] In 2016, the company CEO Jiří Šmejc claimed to be proud of the impact on the revival of Czech-Chinese relations.[26] Home Credit funded a newly formed think tank, Sinoskop, to counter a longer-established China-watching body, Sinopsis.[27]

Criticism

In 2019, it was uncovered that Home Credit paid public relations company to influence public in opinion in the Czech Republic about China.[28] Home Credit did hire an agency called C&B Reputation Management, which did marketing for Home Credit. It was also supposed to improve the Czech view of the Chinese communist regime.[28]

Home Credit Philippines

Home Credit Philippines is a consumer finance provider that offers various financial solutions and products aimed at enabling customers to afford the things they need and want through simple and convenient processes. The company operates in the Philippines as a subsidiary of Home Credit Group, a global consumer finance company with a presence in multiple countries established in 2013.

Home Credit Vietnam

Home Credit Vietnam was founded in 2008.[29][30][31] Over the past 15 years, Home Credit has expanded its network throughout the country, serving over 15 million customers.[32][33] According to the 2022 financial report, Home Credit Vietnam's revenue reached VND 1,189 trillion, nearly double that of 2021.[34][35][36] ROE reached 18.64%, a significant increase from 10.6% in 2021.[37] However, the 30-day payment capacity ratio in USD was negative 960.25%,[38][39][40] while the legal requirement for this ratio is at least 5%. The short-term capital to medium-long term loan ratio increased from negative 7.03% at the end of 2021 to 14.29%.[41]

References

  1. ^ Home Credit: About us
  2. ^ a b c d e Home Credit Group Annual Report 2015
  3. ^ a b c d "Key financial data". homecredit.net. Retrieved 31 January 2019.
  4. ^ a b 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 Group B.V.: Annual accounts for the year ended 31 December 2019 and Compliance Certificate". www.patria.cz. Retrieved 18 January 2021.
  7. ^ "Our Corporate Structure". www.homecredit.net. Retrieved 18 January 2021.
  8. ^ "Our Products". www.homecredit.net. Retrieved 18 January 2021.
  9. ^ "China allows first foreign loan provider". Financial Times. 10 November 2010. Retrieved 22 January 2017.
  10. ^ Menon, Shailesh (24 January 2019). "Home Credit has grown to become one of the largest consumer durables loan providers in India". The Economic Times. Retrieved 31 January 2019.
  11. ^ "Key financial data". homecredit.net. Retrieved 31 January 2019.
  12. ^ "PAG picks minority stake in Home Credit China operations for $296.5m". DealStreetAsia. Retrieved 23 February 2019.
  13. ^ "Home Credit B.V.: Home Credit Group and PAG sign Strategic Partnership Agreement for cooperation in China". homecredit.net. Retrieved 23 February 2019.
  14. ^ "PAG terminates Home Credit investment | AVCJ". avcj.com. 7 September 2018. Retrieved 23 February 2019.
  15. ^ "UPDATE 2-Moneta gains scale to take on foreign rivals in Czech..." Reuters. 8 October 2018. Retrieved 23 February 2019.
  16. ^ Miler, Marek (5 November 2018). "Regulace hypoték nebyla nutná, trh se dá korigovat i bez toho. Počet nových úvěrů kvůli tomu klesne až o čtvrtinu, říká šéf České spořitelny Salomon". Hospodářské noviny (in Czech). Retrieved 23 February 2019.
  17. ^ "Na spojení Monety, Home Creditu a Air Bank by vydělali především Kellner a Šmejc". E15.cz. Retrieved 23 February 2019.
  18. ^ "Bankéř Spurny rozšiřuje Kellnerovy řady" (in Czech). 12 July 2007. Retrieved 23 February 2019.
  19. ^ "Czech lender MONETA lowers bid for Air Bank after shareholder feedback". Reuters. 21 February 2019. Retrieved 23 February 2019.
  20. ^ Laca, Peter. "Czech Tycoon's Company Cancels $1.5 Billion Hong Kong IPO". bloomberg.com. Retrieved 10 December 2019.
  21. ^ "Operations". homecredit.net. Retrieved 22 April 2019.
  22. ^ Hála, Martin; Lulu, Jichang (11 March 2019). "Lost in translation: 'Economic diplomacy' with Chinese characteristics". Sinopsis. Retrieved 22 April 2019.
  23. ^ Flows, Capital. "The Czech Republic's Foreign Policy U-Turn". Forbes. Retrieved 22 April 2019.
  24. ^ "LN: Zeman consults about foreign trips with billionaire | Prague Monitor". praguemonitor.com. Retrieved 22 April 2019.
  25. ^ "Home Credit Vietnam and China acquired". homecredit.net. Archived from the original on 18 July 2015. Retrieved 22 April 2019.
  26. ^ Home Credit Group (22 April 2016), Jiri Smejc speech at a Prague business forum, retrieved 22 April 2019
  27. ^ Tait, Robert (5 January 2020). "China accused of buying influence after Czech billionaire funds PR push". The Observer. ISSN 0029-7712. Retrieved 5 January 2020.
  28. ^ a b "Kellnerův Home Credit platil kampaň na podporu rudé Číny. Využil experty i novináře". Aktuálně.cz (in Czech). 10 December 2019. Retrieved 10 December 2019.
  29. ^ Đô, Báo Tuổi Trẻ Thủ. "Home Credit Việt Nam kỉ niệm 12 năm đồng hành cùng người Việt". Báo Tuổi Trẻ Thủ Đô (in Vietnamese). Retrieved 6 January 2024.
  30. ^ admin, beta (28 April 2020). "Home Credit Việt Nam - Hành trình 12 năm gắn bó với hàng triệu khách hàng". Tạp chí Kinh tế Sài Gòn (in Vietnamese). Retrieved 6 January 2024.
  31. ^ "Vừa bị công an phong tỏa trụ sở, Home Credit do ai làm chủ, kinh doanh ra sao?". VietNamNet News (in Vietnamese). Retrieved 6 January 2024.
  32. ^ chính, Thị trường Tài (10 November 2023). "M&A công ty tài chính bất ngờ sôi động giữa tâm bão". Thị trường Tài chính (in Vietnamese). Retrieved 6 January 2024.
  33. ^ "Saigon Times CSR 2023 vinh danh Home Credit Việt Nam là Doanh nghiệp vì cộng đồng" (in Vietnamese). 10 November 2023. Retrieved 6 January 2024.
  34. ^ "Home Credit có tổng tài sản hơn 1 tỷ USD, nợ phải trả chiếm 73%". Mekong ASEAN (in Vietnamese). 28 August 2023. Retrieved 6 January 2024.
  35. ^ "Trái chiều lợi nhuận công ty tài chính". nhadautu.vn (in Vietnamese). 5 April 2023. Retrieved 6 January 2024.
  36. ^ "Vào tầm ngắm nhà băng lớn thứ hai Thái Lan, Home Credit Việt Nam đang kinh doanh ra sao?" (in Vietnamese). 5 April 2023. Retrieved 6 January 2024.
  37. ^ "Vào tầm ngắm nhà băng lớn thứ hai Thái Lan, Home Credit Việt Nam đang kinh doanh ra sao?". www.phs.vn. Retrieved 6 January 2024.
  38. ^ "Tổng nợ phải trả của HomeCredit cao gấp 2,77 lần vốn chủ sở hữu". Báo điện tử Thương Trường (in Vietnamese). 29 August 2023. Retrieved 6 January 2024.
  39. ^ Trần, Lành (6 January 2023). "homepaylater" (in Vietnamese). Retrieved 6 January 2024.
  40. ^ hanoimoi.vn (8 December 2022). "Home Credit lọt Top 100 doanh nghiệp bền vững Việt Nam nhờ chiến lược ESG toàn diện". hanoimoi.vn (in Vietnamese). Retrieved 6 January 2024.
  41. ^ "Công cụ đầu tư - Toàn diện nền kinh tế, mọi góc độ doanh nghiệp". data.vdsc.com.vn. Retrieved 6 January 2024.

External links

This page was last edited on 9 January 2024, at 04:18
Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.
Contact WIKI 2
Introduction
Terms of Service
Privacy Policy