Platinum Bank signs an agreement to acquire Home Credit Bank Ukraine
Platinum Bank and Home Credit B. V. are pleased to announce they have agreed on a transaction according to which Platinum Bank shall acquire and Home Credit B.V. shall sell a 100% stake in PJSC “Home Credit Bank” (Ukraine) headquartered in Dnipropetrovsk. The transaction that the two parties signed is subject to regulatory approvals in Ukraine.
Platinum Bank’s main shareholders are international investment funds Horizon Capital, East Capital, and IFC, a World Bank company. Platinum Bank provides its services to more than 500,000 clients throughout Ukraine.
Home Credit B.V., an umbrella structure holding stakes in leading providers of consumer finance & retail banking in emerging markets, is fully controlled by PPF Group N.V., the largest privately held investment and financial group in Central & Eastern Europe. Home Credit companies are present in six markets of the CEE region including Russia, as well as in China and Vietnam and serve over 19 million customers across geographies.
More detailed read a press-release.