Home Credit B.V. / About us /

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Corporate governance

Home Credit Group (Home Credit B.V. and its subsidiaries) has developed a set of corporate governance principles in accordance with high international standards, allowing effective management and control of its subsidiaries with the aim of creating value for shareholders, investors and other stakeholders, and to protect their interests.

Management of the Home Credit Group

Home Credit Group has an experienced and driven management that comprises the Board of Directors, the Group Executive Committee and the Country Teams.

The Board of Directors meets regularly on a quarterly basis. Additional meetings are held as necessary.

The management team oversees the commercial business affairs of the Group and the operating activities of its subsidiaries. The centralisation of certain key business functions, e.g. risk management, finance, IT and others, helps to increase the efficiency of the Group´s operations, and facilitates the sharing of best practice knowledge and expertise in Home Credit's markets.

Management teams are focused on shareholder value creation and drawing on best practice and management standards from developed markets.

For more detailed information on the Group's management, please refer to the Management section of the website.

Management of the Home Credit Group's subsidiaries

Day to day management of the Group subsidiaries is the responsibility of each Country Manager, who subsequently reports into the Group CEO. Daily operational and functional activities are the responsibility of the Group executives who are, in turn, supported by the Group's centralised team of managers and experts. The centralised structure, which also embraces risk management, finance and IT, helps to maximise cost controls, efficiencies and performance across the entire Group.

Home Credit Group´s structure

For a detailed structure of Home Credit B.V. and its subsidiaries (Home Credit Group), please refer to the Structure section of the website.

Legal and regulation

As a holding company Home Credit B.V. does not require a banking licence for its activities. Home Credit B. V. complies with all legal requirements and maintains good working relationships with the relevant Dutch regulatory bodies. Most of the local Group´s subsidiaries hold banking licenses and therefore are subject to the regulatory reporting of the local respective central banks and/or financial market regulators.

Articles of Association of Home Credit B.V.

Articles of Association are the main documents regulating the corporate existence of Home Credit B.V. The Articles clearly state the internal organisation of the company and the roles of its internal bodies. The current wording of the Articles of Association of Home Credit B.V. is available to download:

HCBV (NL): Home Credit B.V. Articles of Association (as of 23 December 2010) (1.42 MB)

Home Credit Group´s Auditors

Operations of Home Credit B.V. and its subsidiaries (the “Group”) are subject to financial audit by KPMG in all countries where the Group operates its business.