Archive for October, 2006
8.6.2006 – Home Credit a.s., one of the leading providers of consumer credit in the Czech Republic, has today announced the successful closing of the public listed asset-backed true sale transaction for a part of its Czech koruna-denominated revolving loan portfolio (the “Securitization”).
HCFB reports net profit increase of 52 % up to RUR 111 million
Posted by: | Comments4.9.2006 – Home Credit & Finance Bank (“HCFB”) [Moody's Ba3/NP/D-, S&P B/C], one of the leading providers of consumer credit in Russia, announces its financial results for the six months ended 30th June 2006 in accordance with International Financial and Reporting Standards (IFRS).
PPF Group spins off Home Credit businesses from Ceska pojistovna
Posted by: | Comments7.8.2006 – PPF Group (“PPF” or the “Group”) is delighted to announce that it has successfully concluded a spin-off of the Home Credit businesses from Ceska pojistovna into Home Credit Grand Holding a.s. (HCGH) – a newly established holding company for the Home Credit Group domiciled in the Czech Republic – by obtaining all necessary regulatory approvals and registering HCGH in the Czech Companies Register. The effective accounting date for the spin-off has been set as the 1st January 2006.
2.10.2006 – PPF Group announces the appointment of Alexander Labak into the newly created position of Chief Executive Officer and Managing Partner of the Home Credit Group, a leading consumer finance provider in Central & East Europe.
Home Credit a.s. annouces launch of floating rate note issue for CZK 3 billion
Posted by: | Comments20.9.2006 – Home Credit a.s., a leading consumer finance provider in the Czech Republic, has launched today a domestic floating rate note issue for an aggregate amount of CZK 3 billion. The notes have a shorter 1st coupon and will bear a spread of 230 bps over PRIBOR. The closing/settlement date will be 6 October 2006. The notes, which have a nominal value of CZK 1,000,000, will be issued at par and will mature in July 2009.
19.10.2006 – Home Credit & Finance Bank (Moody’s Ba3/NP/D-, S&P B/C), a leading consumer finance provider in Russia, successfully placed its fourth domestic bond issue for the aggregate nominal amount of RUB 3 billion. The bonds, which have a nominal value of RUB 1,000 each, have been issued at par, will mature in October 2011 and carry a put option for investors exercisable in October 2008 at par. This represents Home Credit & Finance Bank’s 4th domestic bond issue, and demonstrates the strong support for the Bank’s strategy and further enhances its platform for profitable growth.
Top Earning Cities
Posted by: | CommentsAccording to cnnmoney.com these are the cities with the highest median household income
1 Greenwich, CT $112,493
2 Cupertino, CA $110,518
3 San Ramon, CA $109,500
4 Bethesda, MD $109,417
5 Flower Mound, TX $104,921
6 Burke, VA $104,770
7 West Bloomfield Township, MI $102,619
8 Palo Alto, CA $101,584
9 Pleasanton, CA $101,443
10 Yorba Linda, CA $100,465
11 Naperville, IL $99,863
12 Highlands Ranch, CO $97,493
13 Newton, MA $96,376
14 The Woodlands, TX $96,216
15 Lower Merion, PA $96,171
16 Carmel, IN $95,141
17 Milpitas, CA $93,867
18 Fairfield, CT $93,833
19 Newport Beach, CA $93,531
20 Weston, FL $92,748
21 Wayne, NJ $92,654
22 Allen, TX $92,404
23 Sugar Land, TX $92,149
24 Frisco, TX $91,556
25 Clarkstown, NY $91,470