Home Credit Group / Operations /

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Russian Federation

OOO Home Credit & Finance Bank

Home Credit launched its operations in the Russian market in 2002 with the acquisition of Innovation Bank Technopolis (“IBT”). Home Credit and Finance Bank (“HCFB” or the “Bank”), rated by Moody's Ba3/NP/D- and by S&P B+/B, has developed into one of the market leaders in consumer finance in Russia offering consumer loans through points of sales outlets as well as providing lending and other retail banking products through its branches. The Bank’s success in the market can be primarily attributed to its unique distribution network, a powerful combination of centralized support functions (IT, risk management, funding) and highly experienced local management.

HCFB made a significant progress in its stratetig switch to become a fully fledged retail bank. Apart from a full range of consumer lending products HCFB has recently started offering current and saving accounts and comprehensive range of deposit products. HCFB has developed a broad distribution network in Russia which includes POS retail partners spread across all regions of the Russian Federation, supported by the Bank’s own branches and own ATMs network. A partnership with the Russian Post also provides HCFB with additional customer contact points across the country. To further expand its coverage, HCFB also utilises direct mail, telemarketing, on-line sales and various forms of partnerships (e.g. agreements with insurance providers in Russia, third party brokers or via direct collaborations with employers).

Country Manager

Ivan Svitek

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