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PPF: Home Credit had to halve the number of employees after the slump

Updates: 09.04.2021 08:32

Prague – The Home Credit Group, which provides consumer loans, had to halve the number of employees worldwide, ie about 60,000, after last year’s slump. This was stated in an interview for the Seznam Zprávy server by Ladislav Bartoníček, who was entrusted with the management of the PPF group, to which Home Credit belongs, after the death of billionaire Petr Kellner. Home Credit states on its website that by mid-2019 it had over 123,000 employees. Home Credit fell to a loss of 15.3 billion crowns last year due to the crisis caused by the covid-19 pandemic.

“We responded by dramatically cutting operating costs in China, significantly reducing the volume of new business and focusing on clients with a much better risk profile to keep the risk under control,” Bartoníček told the server.

Petr Kellner, who owned over 98 percent of PPF’s shares, died in a helicopter crash in Alaska on March 27. Bartoníček has a 0.535 percent stake in PPF and the current CEO of Home Credit, Jean-Pascal Duvieusart, has the same stake.

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World Finance Bank Communication Media PPF Kellner



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