About PPF Group PPF Group is one of the largest investment groups in Central and Eastern Europe, with business activities in Europe, Russia, Asia and the USA. PPF’s diverse business activities encompass banking and financial services, telecommunications, insurance, retail, real estate, mining, agriculture and biotechnology. As of Dec 2015, PPF manages total assets exceeding EUR 21.6 billion. PPF Group attaches great importance to the Chinese market, where it established a representative office in Beijing back in 2004, and has two major investments in China, namely, Home Credit CFC and SOTIO Medical Research Company. More information is available at www.ppf.eu. About Home Credit Home Credit Group is a world leading consumer finance provider. It is active in CEE, CIS, Asia and United States. As of the end of Dec 2016, Home Credit has more than 86,000 employees worldwide, over 195,000 points of sales and over 55.9 million customers served to date in 11 countries. Founded in 1997, we focus on responsible lending primarily to people with little or no credit history. Our services are simple, easy and fast. We operate in highly attractive markets with significant barriers to entry. We are a leading provider of consumer finance in selected countries. It is our experience and knowledge across the different markets, which sustainably puts us ahead of our competitors. We drive and broaden financial inclusion for the unbanked population by providing a positive and safe borrowing experience – the first for many of our customers. We promote higher living standards and meet borrowers’ financial needs. More information is available at www.homecredit.net.
Home Credit Consumer Finance Company was established in Tianjin under the Pilot Measures for the Administration of Consumer Finance Companies issued by CBRC and started its operations at the end of 2010. Of the four pilot consumer finance companies, it is the only one that is wholly foreign invested. After CBRC revised the Pilot Measures for the Administration of Consumer Finance Companies in January 2014, Home Credit started to roll out its business under the CFC model across the country. At the same time Home Credit is committed to becoming a responsible consumer finance service provider, promoting financial literacy (i.e. seminar, cartoon) and enhancing public awareness of credit records and responsible lending. As of July 2016, Home Credit has presence in more than 280 cities covering 29 provinces together with municipalities directly under the central government, and has over 39,000 employees in China. By working closely with national retail chains such as Digitone and Suning, it has set up more than 100,000 POS outlets across the country, and provided more than 17 million loans. After the Wuhan customer service center went into operations, Home Credit launched its largest customer service center in China in Changsha in July 2014. The two centers combined can accommodate over 8,000 professional customer service operators who can handle 750,000 calls a day. At the same time Home Credit is committed to becoming a responsible consumer finance service provider, promoting financial literacy (i.e. seminar, cartoon) and enhancing public awareness of credit records and responsible lending.
Countries in which we operate