Home Credit B.V. announces appointments to the Board of Directors

Home Credit B.V. (HCBV), a market leader in consumer finance across CEE and CIS markets, announces appointments to the Board of Directors.

Effective 1st January 2009, Ms Sonia Slavtcheva, CFO of the Home Credit Group, and Mr Ivan Svitek, CEO of Home Credit and Finance Bank Russia, have been appointed as Members of the Board of Directors at Home Credit B.V. They replace Messrs Ladislav Chvatal and Declan McSweeny who resigned their positions on the Board of Directors of HCBV. Mr Chvatal remains working for PPF Group.

Sonia Slavtcheva, Group Chief Financial Officer, joined the Home Credit Group in 2008 from GE after a distinguished career spanning 20 years where she was regarded as one of the firm’s top financial professionals. Ms. Slavtcheva has considerable experience in finance operations, including product profitability management, investment and real estate portfolio optimization as well as funding, treasury & hedging strategies. She previously worked for a number of leading financial institutions across different geographies in Northern and Latin America and CEE.

Ivan Svitek, CEO of Home Credit and Finance Bank in Russia assumed this position in 2008. Before joining Home Credit Mr Svitek spent 15 years in GE, where he gained considerable strategic and operational experience in financial services and consumer products. His background covers the FMCG industry, public service sector as well as banking and consumer finance. He has worked across 19 diverse consumer finance markets in Europe and Latin America and his proven track record includes organizational transformation and business turnarounds.

More information at:


Milan Tomanek
Head of Group Communications, PPF Group
Tel: +420 224 174 066

Dana Knezevic
Investor Relations, PPF Group
Tel: +420 224 174 214
mobile: + 420 606 796 334


Home Credit B.V. (“HCBV”) is a holding company operating through its subsidiaries in CEE and CIS consumer finance markets. Home Credit Group maintains one of the leading positions in the consumer finance markets of the Czech Republic (Home Credit, since 1997), the Slovak Republic (Home Credit Slovakia, since 1999), the Russian Federation (Home Credit & Finance Bank, since 2002) and the Republic of Kazakhstan (Home Credit Kazakhstan, since December 2005). Home Credit Group also entered the Ukrainian and Belarusian market in 2006 (CJSC Home Credit Bank, Home Credit Finance and OAO Home Credit Bank respectively).

The Home Credit Group is part of the PPF Group, which was established in 1991 and has interests in insurance and consumer finance, and provides sophisticated asset management services. During its 17 years in business, PPF Group has become an important international financial investor, managing assets of EUR 8.8 billion as of 30. July 2008.