PPF Group and EMMA Capital announce further cooperation in Home Credit Group

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PPF Group is an international investment group founded in the Czech 
Republic in 1991. It has grown to manage operations in 25 countries around the world.

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Home Credit Group B.V. is one of the world’s leading consumer finance providers. It specialises in emerging markets. 

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Home Credit

www.homecredit.net

Home Credit N.V.

Home Credit International, a.s.

<p>Home Credit wants to change the way the world shops by delivering consumer finance products that are readily accessible and affordable for customers. Home Credit Group employs numerous processes and solutions that it centrally develops and then adapts to each market. By employing this strategy, Home Credit manages to remain exceptionally nimble and innovative even in the constantly evolving digital world where advanced technologies and data analysis methods set the stage for a&nbsp;responsible, inclusive approach to customer credit services.</p>

<p>Home Credit Group B.V., the parent company, holds equity interests in leading consumer finance companies in ten countries around the world. The group operates in countries with a total population of around 3.4 billion between them where the growth potential is high, GDP expansion rates are above average, and the financial-service penetration rate is low. National financial regulators in all these markets have granted Home Credit the necessary licenses.</p>
<p>For many of its customers, Home Credit is the first regulated institution ever to grant them credit and, more generally, the first lender with which they have&nbsp; had a positive borrowing experience. By the end of 2019, 132 million customers had used Home Credit&rsquo;s services. During that year, the Home Credit Group provided almost 27 million loans, or one every second.</p>

<p>Growing numbers of customers are switching to online shopping, and are increasingly using mobile apps to do so. This makes online sales channels a core part of Home Credit Group&rsquo;s multi-channel proposition. Home Credit uses its own online marketplace and mobile app, as well as partnerships with various retail and service businesses, in both the real and digital worlds to distribute products.</p>

<h2>The Coronavirus Pandemic</h2>
<p>The global coronavirus pandemic of 2019 and 2020 stifled demand for consumer goods and credit, especially with shops shuttered and entire regions put into lockdown for months on end. Job losses and waning customer purchasing power increased the risk posed by previously granted credit. Nevertheless, Home Credit&rsquo;s response was to work with customers affected by the pandemic, granting them various repayment deferrals or restructuring their loans.</p>
<p>The pandemic had the side effect of significantly speeding up the long-term goal of digitalizing our business model. For example, customers can now use a mobile app to apply for credit in brick-and-mortar stores, not just online. Merchandise is available for purchase in Home Credit&rsquo;s own online marketplace, and customers can also use credit to cover their spending needs simply by scanning a QR code on their mobile phone. Home Credit&rsquo;s call centers have mass-deployed self-learning robots capable of engaging in an appropriate and effective dialogue with customers.</p>

Czech Republic

Slovakia

Russia

China

Kazakhstan

Vietnam

India

Indonesia

Philippines

<p>Home Credit Group B.V. is one of the world&rsquo;s leading consumer finance providers, specializing in emerging markets. Home Credit&rsquo;s mission is to responsibly provide consumer financing, especially to people with little or no credit history, via a multi-channel online and offline distribution model.</p>

<p>Home Credit Group focuses its corporate social responsibility on the promotion of financial inclusion, with a specific focus on fostering conditions conducive to a financially inclusive society. Each Home Credit subsidiary runs a financial literacy program that helps borrowers make responsible decisions.&nbsp;</p>
<p>CSR activities fall into three basic categories: education (especially financial literacy), fighting poverty, and direct assistance to communities. In 2019, the Home Credit Group was involved in more than 30 programs in these categories that reached out to more than 3 million people.</p>

Financial Inclusion and Literacy

<h3>Stake</h3>
<p>0.535 %</p>
<h3>Other Roles</h3>
<p>PPF Executive Committee Member, Home Credit Group CEO</p>
<h3>Biography</h3>
<p>Born in 1966; a graduate of the University of Chicago (MBA) and the Catholic University of Louvain, Belgium, where he majored in Commercial Engineering. He was a managing partner at McKinsey Prague between 1999 and 2005, when he assumed leadership of McKinsey CIS and Central Europe, based in Moscow. He has been a PPF Group shareholder since 2010. As PPF Group&rsquo;s representative, he held a position of Board member with Polymetal International, also being a Strategy &amp; IR Development Director, member of Supervisory Board, at Russia-based Nomos Bank.</p>
<p>J.-P. Duvieusart was a member of top-management at SOTIO, PPF Group&rsquo;s biotechnology company, with focus on its Chinese and U.S. businesses. He is a Director of PPF Real Estate Holding B.V. In January 2020, he was appointed CEO of Home Credit N.V. Within PPF Group&rsquo;s leadership, he is a Member of the Executive Committee and in charge of financial services and real estate.</p>

Jean-Pascal Duvieusart

“The responsible financing of customers’ needs helps to make life better for people, families, and communities.”

<p>The broader arrangement also includes an extension of the constructive cooperation between PPF and EMMA Capital in Home Credit Group for an extra five years. Jiř&iacute; &Scaron;mejc will remain as Home Credit&rsquo;s Chairman of the Board of Directors.</p>
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