Home Credit Asia / About us /

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Structure and corporate governance

Currently, Home Credit Asia operates in China, Vietnam, India and is developing a new business in Indonesia. Home Credit ranks within the top consumer finance providers in each of its core markets.

Home Credit’s operations in China and India are controlled through HC Asia N.V., holding company, which is based in the Netherlands.

PPF Vietnam Finance Company Ltd., provides its consumer finance services to Vietnamese customers under the Home Credit brand while leveraging Home Credit's proven business model.

Shareholding structure – PDF version

Management of Home Credit Asia

Home Credit Asia has an experienced and driven management that comprises of Group Management - Group Executive Committee and Country Management Teams.

The management team oversees the commercial business affairs of the Group and the operating activities of its subsidiaries. The centralisation of certain key business functions, e.g. risk management, finance, IT and others, helps to increase the efficiency of the Group´s operations, and facilitates the sharing of best practice knowledge and expertise in Home Credit's markets.

Management teams are focused on shareholder value creation and drawing on best practice and management standards from developed markets.

For more detailed information on the Group's management, please refer to the Management section of the website.

Group Management (Group Executive Committee)

The Group Executive Committee is made up of the Group Chief Executive Officer, Group Chief Executive Officer Asia, Chief Financial Officer and functional leaders in the areas of risk, operations, HR and legal. At its regular monthly meetings, it reviews developments within individual businesses, discusses matters of Home Credit Group strategy as well as the principal operating activities of Home Credit Asia subsidiaries.

Management of the Group’s subsidiaries

The day-to-day management of activities is carried out at each of Home Credit’s subsidiaries by Country Managers who, in turn, report to the CEO of Home Credit Asia. Major functional areas are supervised by the Member of the Executive Committee and are supported by the Headquarters´ senior experts. This structure, coupled with the centralization of risk and finance management, IT infrastructure, and unified processes for main activities, facilitates cost optimization and improved performance across Home Credit Asia as well as enabling best practice sharing between Home Credit subsidiaries.

For more detailed information on the Group's management, please refer to the Management section of the website.

Legal and regulation

HC Asia N.V. as a key holding company of Home Credit Asia operations is registered in the Netherlands does not require a banking license for its activities. HC Asia N. V. complies with all legal requirements of the European Union and maintains good working relationships with the relevant European and Dutch regulatory bodies. The local Group´s subsidiaries in Asia are subject to the local regulatory supervision and, where applicable, they hold either consumer finance or banking licenses to provide consumer lending in the local markets.

Articles of Association of HC Asia N.V.

Articles of Association are the main documents regulating the corporate existence of HC Asia N.V. The Articles clearly state the internal organisation of the company and the roles of its internal bodies. The current wording of the Articles of Association of HC Asia N.V. is available to download:

Articles of Association

Auditors

HC Asia N.V. and its selected subsidiaries and PPF Vietnam Finance Company Ltd. are subject to financial audit by KPMG.

Notes: Home Credit in Europe, organized under the Home Credit B.V. holding company, and Home Credit in Asia, organized within the HC Asia N.V. holding company, PPF Vietnam Finance Company Ltd. and Home Credit Consumer Finance (China) Co. Ltd., are separate entities, with separate balance sheets. They share only the Home Credit brand and Home Credit´s specific business model. Their principal beneficiary is PPF Group N.V., the leading investment and financial group in Central and Eastern Europe.