Home Credit, one of the largest companies in the Czech hire-purchase market, financed purchases worth CZK 1272 billion in the first quarter of 2006, a decrease of 18 percent over the same period last year, a spokeswoman Andrea Dobsikova told CTK today.
Competitor companies had not published the figures first quarter yet.One-off consumer and revolving loans is the biggest contributor to the Home Credit transaction for 1181 CZK billion, up nearly seven percent in the year.
Decrease in turnover due to the decrease in total cash loans, which reaches 90 million CZK in the first three months of this year. "Unlike the first quarter of last year when the company offered these loans in large scale, Credit House will focus on product completely new to be launched at the end of the first half of 2006," said Dobsikova.
Unlike in 2004 and 2005 as consumers took advantage of the sale, especially in January and early February, the people who used to lease a larger level as well in February and March this year. In March alone, housing loan offered one-time consumer loans worth nearly CZK 218 million, a year-on-year increase of nearly 37 percent.
"Increased demand for consumer loans in March due to falling prices are also television and set-top box after the Olympics, the customer is motivated to buy by the prospect of two sporting events the peak season - the ice hockey world championship in Latvia and football championships in Germany," Home Loan Milos Stibor comment on the number of directors in March.
Electronics and home appliances contribute 40 per cent in credit transactions, a decline from 47 percent a year ago. The number of consumer loans in the IT segment rose by 40 percent, whereas a contract to buy mobile phones dipped by six per cent of the first quarter of 2005.
Home Credit also operates in Slovakia, Russia and Kazakhstan. The Company is a unit of PPF, one of the largest Czech investors with financial assets worth 250 billion CZK.
Competitor companies had not published the figures first quarter yet.One-off consumer and revolving loans is the biggest contributor to the Home Credit transaction for 1181 CZK billion, up nearly seven percent in the year.
Decrease in turnover due to the decrease in total cash loans, which reaches 90 million CZK in the first three months of this year. "Unlike the first quarter of last year when the company offered these loans in large scale, Credit House will focus on product completely new to be launched at the end of the first half of 2006," said Dobsikova.
Unlike in 2004 and 2005 as consumers took advantage of the sale, especially in January and early February, the people who used to lease a larger level as well in February and March this year. In March alone, housing loan offered one-time consumer loans worth nearly CZK 218 million, a year-on-year increase of nearly 37 percent.
"Increased demand for consumer loans in March due to falling prices are also television and set-top box after the Olympics, the customer is motivated to buy by the prospect of two sporting events the peak season - the ice hockey world championship in Latvia and football championships in Germany," Home Loan Milos Stibor comment on the number of directors in March.
Electronics and home appliances contribute 40 per cent in credit transactions, a decline from 47 percent a year ago. The number of consumer loans in the IT segment rose by 40 percent, whereas a contract to buy mobile phones dipped by six per cent of the first quarter of 2005.
Home Credit also operates in Slovakia, Russia and Kazakhstan. The Company is a unit of PPF, one of the largest Czech investors with financial assets worth 250 billion CZK.
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