In a celebration of excellence at the 59th Anvil Awards, Home Credit Philippines' innovative "Home Credit is the Key: Back-to-School (BTS) Campaign" secured the prestigious Silver
February 3, 2024
Home Credit is the Key: Back-to-School Campaign bags Silver at 59th Anvil Awards
In a celebration of excellence at the 59th Anvil Awards, Home Credit Philippines' innovative "Home Credit is the Key: Back-to-School (BTS) Campaign" secured the prestigious Silver
January 26, 2024
Head of PR of Home Credit Assumes Key Roles in PANA, PANAF
December 27, 2023
The Filipinos’ favorite: Home Credit financed 1.7M mobile phones in 2023
November 28, 2023
Marian Rivera-Dantes, Home Credit’s flash mob wows all
October 31, 2023
Home Credit Ph welcomes Marian Rivera, as Brand Ambassador and makes the holiday season merrier with 0% holiday deals
“Marian Rivera represents the nature of Filipinos—being able to provide their loved ones and even themselves with the life they desire. As we welcome her to our Home Credit family, we are confident that her values will resonate with our customers. Together with Marian Rivera, we look forward to making this holiday season truly special for Filipinos,”
September 13, 2023
Turn Your iPhone 11 Dream to Reality with Home Credit
July 26, 2023
A Home that Cares: Home Credit Extends HMO Coverage to Domestic Partners to Strengthen Inclusivity Efforts
July 3, 2023
Home Credit Philippines snags Gold Stevie® for Diversity and Inclusion
As the company continues to live up
to the standards and promote the DEI principles in the workplace and beyond,
leading consumer finance company Home Credit Philippines bagged yet again
another Gold Stevie® in the tenth annual Asia-Pacific Stevie Awards for the
Innovative Achievement for Diversity and Inclusion category.
The company was recognized during
a virtual awarding ceremony held last June 27, where all awardees across the Asia-Pacific
region commemorated the achievements and innovations of these companies and how
they contributed to their respective industries.
“Every day, we celebrate our
employees’ diversity in gender, nationality, culture, age, and background. Beyond
this, we foster a home where everyone can share their unique perspectives,
respect each other's needs, and reach their full potential without barriers,” said Alpha Omega Aquino, Home Credit Philippines’ Chief
People Officer.
She
added, “This Gold Stevie® award is an attestation of our
commitment to championing and further promoting diversity, equity, and
inclusion in the workplace and beyond. And here at Home Credit, we’re proud to
say that there are no small roles, everyone is important.”
DEI in the workplace and beyond
In April 2022, the company forged partnerships with the Philippine Business Coalition for Women Empowerment (PBCWE) and the Philippine LGBT Chamber of Commerce (PLCC) to further cement its commitment to achieving gender equality and inclusion in the workplace. The said organizations have guided Home Credit in creating policies, guidelines, and projects that helped the company efficiently promote diversity and inclusion in the workplace.
Pride starts at Home
During this Pride Month, Home
Credit held a series of activities to strengthen further its commitment to
diversity, equity, and inclusion. These activities were conducted in
partnership with its recently formed Pride Club composed of LGBTQ employees and
allies.
Learn more about
the latest updates of Home Credit by visiting its official website www.homecredit.ph. Home Credit Philippines
is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and
by the Bangko Sentral
ng Pilipinas (BSP).
June 23, 2023
From “So Lit” to “Sulit!” Get iPhone 11 now via Home Credit’s 0% interest offer until September 30!
June 6, 2023
Home Credit Philippines eyes further growth with its acquisition by Thailand’s Krungsri, Japan’s MUFG
Leading consumer finance company Home Credit Philippines (“HC Consumer Finance Philippines, Inc.”) today announced its new shareholders following the completion of its acquisition by Krungsri (“Bank of Ayudhya PCL”), the fifth largest financial group in Thailand and Mitsubishi UFJ Financial Group (“MUFG”), a global financial leader from Japan.
The deal was completed with a base value of EUR 406 million (PHP 24.4 billion). The final consideration is subject to one-to-one adjustment based on the equity book value at closing of the transaction.
PPF Group the parent company of Home Credit Philippines based in Czech Republic sealed an agreement with MUFG and Krungsri to acquire Home Credit Philippines. Krungsri holds the majority stake of 75% and MUFG the remaining 25%.
“The acquisition of Home Credit Philippines is a testament to the strong business it has established in the country and the growth opportunity that Krungsri and MUFG have seen for the company to further expand and maintain its dominance in the local consumer finance market,” Minol added.
“I want to put on record, our congratulations to our colleagues at Home Credit Philippines for an incredible job well done,” said Home Credit Group CEO, Radek Pluhar. “Together, we have empowered nearly 10 million Filipinos to access the formal economy, via our innovative products and services. We are proud of these achievements and will be watching the company’s future growth with interest.”
The company has grown to become a market leader having the widest distribution network of more than 15,000 stores nationwide. This allowed Home Credit Philippines to acquire a growing customer base of almost 10 million as of date in its nearly 10 years of operations in the country.
Krungsri President and Chief Executive Officer Kenichi Yamato said, “With the acquisition of Home Credit in the Philippines, we have achieved another significant milestone in our ASEAN expansion strategy through the successful execution of our medium-term business plan. By incorporating Home Credit in the Philippines into its portfolio, the Bank aims to cater to the evolving financial needs of consumers with a full range of innovative consumer finance products and services. Building upon its strong presence in the high potential country, this acquisition further solidifies Krungsri’s position as a leading financial institution in ASEAN.”
“With the expertise and extensive experience, Krungsri, together with Home Credit, is well-positioned to capitalize on the growing demand for consumer finance solutions and reaffirms its commitment to providing suitable products and services that empower individuals and drive sustainable growth in the market.”
This transaction is set to bolster the business operations of Home Credit Philippines as it continues to provide more Filipinos access to credit while building on Krungsri’s expertise as one of Thailand’s finance leaders.
Home Credit Philippines is
expected to retain its brand and continue its usual operations under the same
local leadership team, with guidance from Krungsri. The company aims to further
grow its consumer finance portfolio as it synergizes with both banks.
Learn more about the latest updates of Home Credit by visiting
its official website www.homecredit.ph. Home Credit Philippines is
a financing company duly licensed and supervised by the Securities
and Exchange Commission (SEC) and by the Bangko Sentral ng Pilipinas (BSP).