Jiří Šmejc seeks full control of Kazakhstan’s Home Credit Bank
Czech entrepreneur Jiří Šmejc has proposed a buyout of other shareholders in Kazakhstan's Home Credit Bank JSC. Šmejc, CEO of the international PPF Group, currently holds 34.7% of the bank's shares, having acquired a 25% stake late last year. The remaining shareholders each hold between 9.6% and 9.7%.
Šmejc has offered to purchase the remaining shares at a price of 2,009,916 tenge per share. Home Credit Bank, which has operated in Kazakhstan since 2005, serves a client base of 1.5 million customers. Notably, there are no Russian representatives among the bank's shareholders.
Šmejc's move comes after he increased his stake in the bank in late December 2022. However, there is no public information about the next potential merger partner for the bank following Šmejc's increased investment. PPF Group, Šmejc's holding company, operates in 25 countries and invests across various sectors, including financial services.
Jiří Šmejc's proposed buyout could significantly reshape Home Credit Bank's shareholder structure. With no Russian representatives among the current shareholders and a client base of 1.5 million, the bank's future direction under Šmejc's leadership will be closely watched.
