Home Credit Kazakhstan is going to be sold

18.05.2022, 11:15 kz.kursiv.media

The potential buyers are top executives of the bank and PPF investment group from the Czech Republic According to the press service of Home Credit Bank Kazakhstan, the bank is going to be sold to a group of top managers from the bank itself, PPF Group and the parent company Home Credit. The main goal of the deal is to guarantee the consistency of the bank’s business for Home Credit Bank’s employees and clients in Russia and Kazakhstan. Under this plan, Home Credit Russia and its subsidiaries are going to be sold to a group of Russian retail investors. The leader of the group is Ivan Tyryshkin, former head of the Russian Trading System and a co-founder of Saint Petersburg’s stock exchange. The first reports about PPF Group’s intention to sell Home Credit Bank, its main asset in Russia, went public in October last year. However, it wasn’t the very first attempt of the Czech owners to sell their Russian assets. In 2010, Vedomosti wrote that Home Credit Bank owners had negotiated with Sberbank and VTB about the sale but failed to make a deal.