Russian Federation
Key Milestones in Development of the Home Credit Group
Home Credit and Finance Bank Llc.
2008
HCFB's extensive network consists of 89 representative offices, 99 credit and cash offices, approx. 30,000 POSes and over 700 post offices in 1,200 cities in 80 regions of the Russian Federation. The client database includes 13.7 million individuals.
The USD 500 million Eurobond IV issue is placed in June 2008.
HCFB successfully places its fifth domestic bond issue amounting to RUB 4 billion in April 2008.
In April 2008, the international rating agency Standard & Poor's affirms the rating of HCFB to be B+/B with stable outlook.
2007
HCFB continues to follow its strategy of evolving from a monoline product provider to a retail bank with a focus on lending.
HCFB's distribution network has over 29,000 points of sale and its client database includes more than 13 million individuals.
The Banker magazine includes the Home Credit and Finance Bank among TOP 1000 World Banks.
The Bank continues to enjoy full financial support of its parent company, the PPF Group, and receives two additional capital injections of RUB 1.5 billion each in September and November 2007, respectively. PPF Group further supports HCFB's growth by providing HCFB with a credit line for a total of RUB 10 billion in December 2007.
Home Credit and Finance Bank is recognized as the best retail bank in the Potential and Perspective category of the Financial Olymp national financial rating.
In April, HCFB places a USD 200 million Eurobond-3 due in 2010.
In August the Bank successfully closes a EUR 265 million syndicated loan facility.
To finance more than RUB 11.5 billion of assets HCFB realizes in August the first asset backed securitization of credit card receivables in Russia due in 2008.Home Credit and Finance Bank is recognized as the most transparent bank and receives the National Banking Award for banking product development in regions.
Home Credit and Finance Bank is also recognized as the most socially responsible bank (the Pillar Fund Award).
In May 2007, the international rating agency Standard & Poor's upgrades the rating of HCFB to B+/B with stable outlook, while Moody's affirms Ba3/NP/D- rating with stable outlook in October 2007.
HCFB enters the auto loan market.
2006
HCFB successfully places its fourth domestic bond issue amounting to RUB 3 billion.
HCFB organizes the first public tender for the sale of overdue loans in the Russian Federation.
Standard & Poor's upgrades the HCFB's international rating from B- to B with stable outlook in July 2006.
HCFB signs an unsecured credit facility amounting to RUB 1.4 billion with ZAO Raiffeisenbank Austria and USD 70 million with ZAO Calyon Rusbank.
The HCFB's distribution network has more than 23,500 points of sale and client database includes more than 11 million individuals.
HCFB enters the mortgage loan market at the end of the year.
2005
Home Credit and Finance Bank receives the 2005 National Bank Award for the most dynamic bank in Russia.
HCFB successfully places two ruble denominated bond issues and two Eurobond issues, totaling RUB 6 billion and USD 425 million, respectively; in addition to that, HCFB attracts funding worth USD 100 million in the form of an unsecured facility with BNP Paribas and a syndicated loan facility.
HCFB closes the first securitization transaction of its consumer loan portfolio amounting to more than RUB 10 billion of the bank's assets.
HCFB acquires a 50% stake in BKI Scoring.ru LLC, a company providing credit reporting services to Russian financial institutions. Global Payments Inc. acquires the remaining 50% stake.
Moody's Interfax Rating Agency assigns Aa3.ru national scale rating to HCFB in December 2005.
2004
The distribution network has more than 8,000 partners.
Revolving card activities are launched at the end of 2004.
The number of clients exceeds 2.5 million. Total principal granted amounts to RUB 28.49 billion which represents a 400% year-on-year increase.
HCFB successfully places its debut domestic bond amounting to RUB 1.5 billion. HCFB reports full year profitability for the first time.
Moody's Investor Service assigns D-/Ba3/NP credit rating to HCFB. Standard & Poor's assigns B-/C credit rating to HCFB.
2003
Number of clients and total principal granted by Home Credit and Finance Bank Llc. substantially increases by the end of 2002.
2002
Home Credit Group enters the Russian market by acquiring Innovacionny Bank Technopolis which is renamed to Home Credit and Finance Bank Llc.
The first credit agreement signed in the Russian Federation.
