Consumer Finance Leader Home Credit Bank Is Leaving the Russian Market

Consumer Finance Leader Home Credit Bank Is Leaving the Russian Market

PPF Investment Group which owns Home Credit Bank is selling its Russian assets and subsidiaries to a group of investors led by Ivan Tyryshkin. This is indicated in a statement of the financial group.

In addition to the sale of Home Credit's Russian operations, the investment group's Kazakhstan-based bank will also be sold. The price of the deal was not disclosed.

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