Group PPF shows successful year

Published: 07.08.2017 Related countries:  China China

Czech financial group with strong presence on Chinese market doing well globally.

Group PPF Director Petr Kellner has published the annual report of the company. He thinks the year 2016 was successful for the group, informed daily Hospodářské noviny. The value of assets in the company increased one fourth to CZK 730bn. PPF’s profit more than doubled to roughly CZK 30bn. The group registers over 130,000 employees. The highest share of the profits was recorded for Home Credit, as well as in previous year. The company managed by business partner Jiří Šmejc has become the largest provider of consumer loans in the world. It lent money to 20 million people and earned CZKK 5.7bn in 2016. (HN)