Home Credit & Finance Bank
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Native name | Хоум Банк, ХКФ Банк |
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Company type | LLC |
HCFB | |
Industry | Financial services |
Predecessor | Innovation Bank Technopolis |
Founded | 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) ![]() |
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Total assets | ![]() |
Total equity | ![]() |
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 |
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]
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]
Activity
[edit]![Office of Home Credit Bank near Voykovskaya metro station in Moscow](http://upload.wikimedia.org/wikipedia/commons/thumb/a/a5/%D0%9E%D1%84%D0%B8%D1%81_%D0%B1%D0%B0%D0%BD%D0%BA%D0%B0_%D0%A5%D0%BE%D1%83%D0%BC_%D0%9A%D1%80%D0%B5%D0%B4%D0%B8%D1%82_%28%D0%A5%D0%9A%D0%A4%29_%D0%BE%D0%BA%D0%BE%D0%BB%D0%BE_%D0%BC%D0%B5%D1%82%D1%80%D0%BE_%D0%92%D0%BE%D0%B9%D0%BA%D0%BE%D0%B2%D1%81%D0%BA%D0%B0%D1%8F_%D0%B2_%D0%9C%D0%BE%D1%81%D0%BA%D0%B2%D0%B5.jpg/290px-%D0%9E%D1%84%D0%B8%D1%81_%D0%B1%D0%B0%D0%BD%D0%BA%D0%B0_%D0%A5%D0%BE%D1%83%D0%BC_%D0%9A%D1%80%D0%B5%D0%B4%D0%B8%D1%82_%28%D0%A5%D0%9A%D0%A4%29_%D0%BE%D0%BA%D0%BE%D0%BB%D0%BE_%D0%BC%D0%B5%D1%82%D1%80%D0%BE_%D0%92%D0%BE%D0%B9%D0%BA%D0%BE%D0%B2%D1%81%D0%BA%D0%B0%D1%8F_%D0%B2_%D0%9C%D0%BE%D1%81%D0%BA%D0%B2%D0%B5.jpg)
Through the wide branch network in Russia (more than 116 thousand points of sale) and online channels, HCFB offers POS loans and installments, unsecured cash loans, credit and debit cards, deposits.[2][13] The bank is one of the two Russian instalment card issuers in the country and develops its product under the Svoboda brand.[14] Together with its sister companies "Always YES" (Credit Brokerage) and "Forward Leasing" (Leasing), HCFB forms an ecosystem of loans for purchases.[10]
HCFB was the inventor in Russia of the business idea of interest-free instalments, which since 2007 were launched in large retail chains in the format of 0-0-24, 0-0-10.[14] In 2017, the bank was the first in Russia to launch a marketplace of goods purchased in installments.[10] Home Credit Russia had a market share to 22% within POS loans as of end 2019.[11]
![](http://upload.wikimedia.org/wikipedia/en/d/d7/Home_Credit_Bank_%28Russia%29_installment_card_Svoboda_%28Liberty%29.png)
In 2018, the bank was the first to issue a loan with completely remote customer identification through a Unite Biometric System .[15] In 2020, HCFB was the first to implement the possibility of purchasing goods in instalments directly on the social network VKontakte.[16]
In November 2023, the bank was sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) under E.O. 14024 for operating or having operated in the financial services sector of the Russian Federation economy.[17]
Key indicators
[edit]Table 1. Key performance indicators, per year (in Russian Ruble Millions, MRUB)
Index (MRUB) | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014[18] | 2015[19] | 2016[20] | 2017[21] | 2018[22] | 2019[23] |
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Net profit | 3,659 | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() |
Operating income | 25,920 | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() |
Assets | 113,449 | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() |
Loan portfolio | 82,014 | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() |
Equity | 20,598 | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() |
References
[edit]- ^ "Scabara Alexander". TAdviser. 2022. Retrieved 17 January 2023.
- ^ a b c Bloomberg,Home Credit & Finance Bank LLC 2021.
- ^ a b HCFB:Consolidated Financial Statements 2019, p. 78.
- ^ HCFB:Consolidated Financial Statements 2019, p. 66.
- ^ HCFB:Consolidated Financial Statements 2019, p. 77.
- ^ a b "Fitch Revises Russia-Based Home Credit & Finance Bank's Outlook to Stable; Affirms IDR at 'BB-'". Fitch. 29 September 2020. Retrieved 1 February 2020.
- ^ a b "Home Credit & Finance Bank LLC". ACRA. 26 October 2022. Retrieved 17 January 2022.
- ^ a b "HCF Bank". Expert RA. 1 June 2022. Retrieved 17 January 2022.
- ^ "Home Credit's Russian unit names CEO". Fitch. 30 October 2020. Retrieved 2 February 2020.
- ^ a b c Кречетова, Ангелина (20 January 2021). Хоум Кредит решил запатентовать более 40 товарных знаков [Home Credit decided to patent over 40 trademarks]. FRANK RG (Online edition) (in Russian). Retrieved 5 February 2021.
- ^ a b c CRISIL, Home Credit India Finance Private Limited, October 21 2020, Moderate credit profile of parent, Home Credit Group BV.
- ^ "Совкомбанк покупает Хоум Банк". Banki.ru (in Russian). 16 February 2024.
- ^ HCFB:Consolidated Financial Statements 2019, p. 14.
- ^ a b Шерункова, Ольга (20 January 2021). Дорогая банку «Халва» [Rich for a bank ″Halva″]. Kommersant (in Russian). p. 8. Retrieved 5 February 2021.
- ^ Банк «Хоум Кредит» выдал первый кредит с удаленной идентификацией [Home Credit Bank issued the first loan with remote identification] (News agency) (in Russian). CNews. 16 July 2018. Retrieved 5 February 2021.
- ^ Шестоперов, Дмитрий (29 October 2020). Платежная система «ВКонтакте» запустила услугу рассрочки [Payment system "VKontakte" launched an instalment plan service]. Kommersant (in Russian). Retrieved 5 February 2021.
- ^ "Treasury Hardens Sanctions With 130 New Russian Evasion and Military-Industrial Targets". 2 November 2023.
- ^ "Home Credit and Finance Bank. Consolidated Financial Statements for the year ended 31 December 2014". Retrieved 9 December 2023.
- ^ "Home Credit and Finance Bank. Consolidated Financial Statements for the year ended 31 December 2015". Retrieved 9 December 2023.
- ^ "Home Credit and Finance Bank. Consolidated Financial Statements for the year ended 31 December 2016". Retrieved 9 December 2023.
- ^ "Home Credit and Finance Bank. Consolidated Financial Statements for the year ended 31 December 2017". Retrieved 9 December 2023.
- ^ "Home Credit and Finance Bank. Consolidated Financial Statements for the year ended 31 December 2018". Retrieved 9 December 2023.
- ^ HCFB:Consolidated Financial Statements 2019.
External links
[edit]- Official website (in Russian)
- "Consolidated Financial Statements for the year ended 31 December 2019" (PDF). Home Credit & Finance Bank (Financial report). 2019. p. 82. Retrieved 3 February 2021.
- "Home Credit & Finance Bank OOO". Bloomberg. 2021. Retrieved 3 February 2021.
- "Home Credit and Finance Bank". BanksDaily.com. 6 September 2017. Retrieved 3 February 2021.
- Banki.ru : HCF Bank
- "Home Credit India Finance Private Limited". CRISIL (Rating agency). Mumbai. 21 October 2020. Retrieved 3 February 2021.
Home Credit Russia continues to maintain its steady performance and has been playing a key role in supporting Home Credit group's profitability.