Monthly Archives: March 2021

Celebrate Holi, the festival of color and joy, with Home Credit’s easy financing options

ANI | Update: March 23, 2021 3:44 PM STI New Delhi [India], March 23 (ANI / BusinessWire India): It’s that time of year when everyone is getting ready to celebrate Holi, one of India’s liveliest festivals. Home Credit’s innovative products and offers for its customers encourage them to celebrate the festival with great fanfare and […]

bne IntelliNews – Mortgage loans plunge to € 584 million in losses in 2020

Home Credit Group, the consumer lender owned by Czech billionaire Petr Kellner, attributed a loss of € 584 million for 2020 to the coronavirus pandemic (COVID-19), but said it was profitable in 2 hours and that it should be again this year. Home Credit recorded a net profit of € 35m in 2H20 against a […]

Provident Financial says mortgage business is under regulatory investigation

Malcolm Le May, CEO of Provident Financial The Bradford-based company said an ongoing review has made it clear that the company needs to address the problem of the growing volume of customer complaints. The group said the operating environment for home collected credit had changed significantly in the second half of 2020. Provident decided that […]

UPDATE 2-Provident Seeks To Save The Mortgage Business With Bulk Complaint Resolution

* Provident says mortgage business is under investigation * Company presents £ 50million complaint resolution plan * Stocks dip 25% (add company info, update stock movement) March 15 (Reuters) – Provident Financial on Monday presented a £ 50million ($ 69.7million) plan to address an increase in complaints and claims against its home loan business during […]

Why Leeds International Personal Finance’s mortgage lender collapsed

Gérard Ryan, CEO of International Personal Finance. The Leeds-based company reported a statutory pre-tax loss of £ 40.7million for the period, in stark contrast to the £ 114million profit it made the previous year. Turnover has grown from £ 889.1million in 2019 to £ 661.3million last year. The IPF said the Covid-19 pandemic posed “significant […]