Home Credit Group was founded in 1997. It operates in nine countries in Asia, Central and Eastern Europe and the former Soviet Union. In the first half of this year, however, it reported a loss of 178 million euros (4.5 billion CZK) due to the depreciation of the older portfolio, largely in China, and the pandemic in India.
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When asked what Home Credit will look like in a year, Jirásková said it’s hard to say. There are countries that the company believes have strong potential and therefore wants to develop them further, even on its own. Then there is the second category of countries, where the company sees the potential for value creation as limited, growth-limited, so these countries could possibly be sold, she added.
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However, she refused to specify which countries fall into the latter category.
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According to her, another group of countries has potential, but Home Credit can invite partners here who will provide wholesale financing for its loans.
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Home Credit’s operating income in China fell to 462 million euros in the first half of the year from 1.08 billion euros a year ago. In other Asian markets, in addition to India, they have improved since 2020.
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