Home Credit & Finance Bank

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For the parent financial institution, see Home Credit.
Home Credit & Finance Bank
Native name
Банк Хоум Кредит, ХКФ Банк
TypeLLC
HCFB
IndustryFinancial services
PredecessorInnovation Bank Technopolis
Founded2002; 20 years ago (2002)
Headquarters
Moscow
,
Russia
Key people
Dmitry Peshnev-Podolskiy (CEO)[1],
Jiri J Smejc (Directors Board Chairman)[2]
Revenue69,766,000,000 Russian ruble (2019) Edit this on Wikidata
Increase RUB 46.2 billion (2019)[3]
Increase RUB 15.8 billion (2019)[3]
Total assetsIncrease RUB 343.8 billion (2019)[4]
Total equityIncrease RUB 84.4 billion (2019)[5]
OwnerPPF
ParentHome Credit BV
SubsidiariesHome Credit Bank Kazakhstan, JSC
RatingBB- (Fitch) (2020)[6]
A(RU) (ACRA) (2020)[7]
ruA- (Expert RA) (2020)[8]
Websitewww.homecredit.ru

Home Credit & Finance Bank or HCFB 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 ranks 35th in terms of assets, and it is among the top 15 banks in the Russian retail lending market. It possesses high ratings of Russian and international rating agencies: Fitch — "BB-", Expert RA — "ruA-" and ACRA — "A(RU)".[6][8][7] In November 2020, the bank was headed by Dmitry Peshnev-Podolsky.[1] Under his leadership, Home Credit Bank is preparing for the next step of digital transformation and business diversification process. [9]

Home Credit Russia is the one from two the largest subsidiaries of the group of the same name.[10] HCFB (including Kazakhstan operations) reported a net profit of 3.7 billion Ruble in 1H2020 as against 15.8 billion Ruble during 2019.[10]

Activity[]

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][11]

The bank is one of the two Russian instalment card issuers in the country and develops its product under the Svoboda brand.[12]

Together with its sister companies "Always YES" (Credit Brokerage) and "Forward Leasing" (Leasing), HCFB forms an ecosystem of loans for purchases, which allows customers and partners get a full set of modern financial services.[9]

Home Credit Bank (Russia) installment card Svoboda (Liberty).png

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.[12] In 2017, the bank was the first in Russia to launch a marketplace of goods purchased in installments.[9]

Since 2009, the bank has been consistently included in the group of Russian banks — leaders of the POS-lending market. Home Credit Russia had a market share to 22% within POS loans as of end 2019.[10]

In 2018, the bank was the first to issue a loan with completely remote customer identification through a  [ru].[13]

In 2020, HCFB was the first to implement the possibility of purchasing goods in instalments directly on the social network VKontakte.[14]

The bank has a number of social projects aimed at supporting talented children from low-income families, improving the financial literacy of children and adults.

Key indicators[]

Table 1. Key performance indicators, per years (in Russian Ruble Millions, MRUB)

Index (MRUB) 2008 2009 2010 2011 2012 2013 2014[15] 2015[16] 2016[17] 2017[18] 2018[19] 2019[20]
Net profit 3,659 Increase5,179 Increase9,411 Increase10,754 Increase19,056 Decrease11 105 Decrease-4,524 Decrease-8,814 Increase7,745 Increase14,245 Decrease13,809 Increase15,772
Operating income 25,920 Decrease24,345 Increase24,706 Increase32,342 Increase61,576 Increase90,296 Decrease69,907 Decrease43,674 Decrease39,397 Increase40,179 Increase43,145 Increase46,169
Assets 113,449 Decrease96,476 Increase101,099 Increase155,689 Increase337,816 Increase358,934 Decrease338,740 Decrease267,923 Decrease237,591 Increase296,210 Increase327,790 Increase343,847
Loan portfolio 82,014 Decrease58,929 Increase75,275 Increase112,833 Increase223,803 Increase285,913 Decrease244,779 Decrease178,418 Decrease170,945 Increase208,249 Increase245,354 Increase262,411
Equity 20,598 Increase26,833 Increase33,019 Decrease30,547 Increase46,823 Increase55,196 Decrease52,648 Decrease39,654 Increase43,797 Increase52,873 Increase63,086 Increase85,402

References[]

  1. ^ a b "Home Credit's Russian unit names CEO". Fitch. 30 October 2020. Retrieved 2 February 2020.
  2. ^ a b c Bloomberg,Home Credit & Finance Bank LLC 2021.
  3. ^ a b HCFB:Consolidated Financial Statements 2019, p. 78.
  4. ^ HCFB:Consolidated Financial Statements 2019, p. 66.
  5. ^ HCFB:Consolidated Financial Statements 2019, p. 77.
  6. ^ 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.
  7. ^ a b "ACRA affirms A(RU) to Home Credit and Finance Bank, LLC, outlook Stable". ACRA. 13 November 2020. Retrieved 1 February 2020.
  8. ^ a b "HCF Bank". Expert RA. 16 June 2020. Retrieved 1 February 2020.
  9. ^ a b c Кречетова, Ангелина (2021-01-20). Хоум Кредит решил запатентовать более 40 товарных знаков [Home Credit decided to patent over 40 trademarks]. FRANK RG (Online edition) (in Russian). Retrieved 2021-02-05.{{cite web}}: CS1 maint: date and year (link)
  10. ^ a b c CRISIL, Home Credit India Finance Private Limited, October 21 2020, Moderate credit profile of parent, Home Credit Group BV.
  11. ^ HCFB:Consolidated Financial Statements 2019, p. 14.
  12. ^ a b Шерункова, Ольга (2021-01-20). Дорогая банку «Халва» [Rich for a bank ″Halva″]. Kommersant (in Russian). p. 8. Retrieved 2021-02-05.
  13. ^ Банк «Хоум Кредит» выдал первый кредит с удаленной идентификацией [Home Credit Bank issued the first loan with remote identification] (News agency) (in Russian). CNews. 2018-07-16. Retrieved 2021-02-05.
  14. ^ Шестоперов, Дмитрий (2020-10-29). Платежная система «ВКонтакте» запустила услугу рассрочки [Payment system "VKontakte" launched an instalment plan service]. Kommersant (in Russian). Retrieved 2021-02-05.
  15. ^ Home Credit and Finance Bank. Consolidated Financial Statements for the year ended 31 December 2014
  16. ^ Home Credit and Finance Bank. Consolidated Financial Statements for the year ended 31 December 2015
  17. ^ Home Credit and Finance Bank. Consolidated Financial Statements for the year ended 31 December 2016
  18. ^ Home Credit and Finance Bank. Consolidated Financial Statements for the year ended 31 December 2017
  19. ^ Home Credit and Finance Bank. Consolidated Financial Statements for the year ended 31 December 2018
  20. ^ HCFB:Consolidated Financial Statements 2019.

External links[]


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