Home Credit & Finance Bank

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".[2]

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 (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) 
RUB 46.2 billion (2019)[3]
RUB 15.8 billion (2019)[3]
Total assets RUB 343.8 billion (2019)[4]
Total equity 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

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]

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 Unite Biometric System.[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)200820092010201120122013 2014[15] 2015[16] 2016[17] 2017[18] 2018[19] 2019[20]
Net profit3,6595,1799,41110,75419,05611 105 -4,524 -8,814 7,745 14,245 13,809 15,772
Operating income25,92024,34524,70632,34261,57690,296 69,907 43,674 39,397 40,179 43,145 46,169
Assets113,44996,476101,099155,689337,816358,934 338,740 267,923 237,591 296,210 327,790 343,847
Loan portfolio82,01458,92975,275112,833223,803285,913 244,779 178,418 170,945 208,249 245,354 262,411
Equity20,59826,83333,01930,54746,82355,196 52,648 39,654 43,797 52,873 63,086 85,402

References
  1. "Home Credit's Russian unit names CEO". Fitch. 30 October 2020. Retrieved 2 February 2020.
  2. Bloomberg,Home Credit & Finance Bank LLC 2021.
  3. HCFB:Consolidated Financial Statements 2019, p. 78.
  4. HCFB:Consolidated Financial Statements 2019, p. 66.
  5. HCFB:Consolidated Financial Statements 2019, p. 77.
  6. "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. "ACRA affirms A(RU) to Home Credit and Finance Bank, LLC, outlook Stable". ACRA. 13 November 2020. Retrieved 1 February 2020.
  8. "HCF Bank". Expert RA. 16 June 2020. Retrieved 1 February 2020.
  9. Кречетова, Ангелина (2021-01-20). "Home Credit reshil zapatentovat' bolee 40 tovarnykh znakov" 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.CS1 maint: date and year (link)
  10. 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. Шерункова, Ольга (2021-01-20). "Dorogaya banku ″Khalva″" 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. ХКФ Банк : Консолидированная финансовая отчетность за 2014 год
  16. ХКФ Банк : Консолидированная финансовая отчетность за 2015 год
  17. ХКФ Банк : Консолидированная финансовая отчетность за 2016 год
  18. ХКФ Банк : Консолидированная финансовая отчетность за 2017 год
  19. ХКФ Банк : Консолидированная финансовая отчетность за 2018 год
  20. HCFB:Consolidated Financial Statements 2019.


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