Category Archives: Home credit

Home Credit layoffs: Home Credit India lays off 1,800 employees

NEW DELHI: Consumer loan finance company Home Credit India said Thursday it has cut its workforce by 1,800 employees due to the slowdown caused by the COVID-19 crisis. “The unprecedented coronavirus pandemic has affected every aspect of our lives. It has had an impact on each of us, our families, our customers, partners and businesses. […]

Impact of Covid-19: Home Credit India to give pink slips to 1,800 employees

Consumer loan finance company Home Credit India said Thursday it will lay off more than 10% of its 16,000 employees (1,800 employees), even as the company reworks its business strategy. “The unprecedented pandemic has affected all aspects of our lives. It had an impact on each of us, our families, our customers, our partners and […]

Home Credit India lays off 1,800 employees

NEW DELHI: Consumer loan finance company Home Credit India said Thursday it has cut its workforce by 1,800 employees due to the slowdown caused by the COVID-19 crisis. “The unprecedented coronavirus pandemic has affected all aspects of our lives. It has had an impact on each of us, our families, our customers, partners and businesses. […]

Subprime Loans For Home Credit Gambling In India

“We have given up on trying to decode what Home Credit does,” said the founder of a company that helps non-bank lenders raise funds. To be fair, there is nothing traditional about the way the eight-year-old Czech Republic-based Non-Bank Financial Corporation (NBFC) has built its lending business in India. Home Credit, who arrived in India […]

Home Credit abandons Hong Kong IPO as valuation falls short

By Jan Lopatka, Julie Zhu PRAGUE / HONG KONG (Reuters) – Home Credit, controlled by Czech Republic’s richest businessman Petr Kellner, on Thursday abandoned its proposed Hong Kong listing estimated at around $ 1 billion after the lender consumption struggled to achieve the expected valuation. FILE PHOTO: An airplane flies over the logo of Czech […]

Home Credit IPO Candidate Significant in Chinese Small Loan Market EJINSIGHT

Petr Kellner, tThe richest man in the Czech Republic has filed for an IPO in Hong Kong for his consumer credit business Home Credit. The company has an estimated valuation of over HK $ 100 billion. It would be the first Czech company to be listed in the city. Why Hong-Kong? Most likely because Home […]

Consumer lender Home Credit predicts more than $ 1 billion float in Hong Kong

By Robert Muller, Félix Tam PRAGUE / HONG KONG (Reuters) – Consumer lender Home Credit BV on Monday filed an initial public offering in Hong Kong, which two sources say could raise more than $ 1 billion, just three days after AB InBev ABI.BR shelved the listing of its Asian company. The Prague-based lender, controlled […]

bne IntelliNews – Home Credit files for the Hong Kong public offering

Czech Republic-based consumer lender Home Credit Group has filed for an initial public offering (IPO) on the Hong Kong Stock Exchange, group spokesman Milan Tomanek said, E15.cz daily reported on July 15th. The company declined to comment. According to Reuters sources, Home Credit could raise more than CZK 22.7 billion ($ 1 billion) with the […]