Home Credit Group, the consumer lender owned by Czech billionaire Petr Kellner, blamed a loss of € 584m for 2020 on the coronavirus pandemic (COVID-19), but said it was profitable in 2 hours and that it should be again this year. Home Credit recorded a net profit of € 35mRead More →
Malcolm Le May, CEO of Provident Financial The Bradford-based company said an ongoing review has made it clear the company needs to address the problem of the rising number of customer complaints. The group said the operating environment for home collected credit changed significantly in the second half of 2020.Read More →
Monday, March 15, 2021 7:49 a.m. FCA said it would not take Provident to court as the alternative was insolvency Door-to-door lender Provident Financial today revealed that it is the subject of a Financial Conduct Authority (FCA) investigation into its mortgage lending business. The survey will focus on “considering affordabilityRead More →