Home Credit Vietnam appoints new CEO

The appointment was made official after approval was received from the State Bank of Vietnam in April.

Mr. Igor Prerovsky has extensive experience spanning 13 years in international telecommunications and the banking services industry in Europe and Asia, with 5 of these years in senior management roles within Home Credit.

In October 2012, Mr. Prerovsky joined Home Credit Vietnam as deputy general director cum head of sales and marketing. During this time, he was responsible for the overall scale up of the business with impressive achievements including: extending the group’s presence into 61 provinces; tripling the customer base and achieving nearly 5,000 points-of-sale; quadrupling the sales network and employing over 7,000 people. Regarding production line, he applied strategically extension from TW to mono-product, orientation into balanced TW, CD and cash loan portfolio.

“This is an exciting time in our sector and for Home Credit in particular since we are witnessing constrained growth in the consumer finance sector. The sudden explosion of consumer finance from banks is injecting a much-needed shot of competition into the sector, providing consumers a more competitive marketplace for personal loans. I am honoured to have the opportunity to continue the implementation of our core values, which have been very successful so far,” said Prerovsky.

At the same time, after 3 years as CEO of Home Credit Vietnam, Mr. Friedrich Weiss was appointed to the position of chairman. In his new role, Weiss will concentrate on his expanding portfolio of non-executive roles. Under his leadership, Home Credit Vietnam gained extraordinary achievements in business and has become the leading consumer finance provider in Vietnam. His expertise in financial services, gained from senior roles at Home Credit in Ukraine and Kazakhstan, and widespread European experience, together with his track record of growing businesses, make him a truly exceptional leader. His business management skill as well his contributions to Vietnamese society have been recognised by the Ho Chi Minh City People’s Committee.

“I am very pleased to have Igor Prerovsky as my successor. He has a long and extensive experience in the banking-finance industry and has been instrumental in putting Home Credit Vietnam’s new strategy in place. He has performed very well as deputy CEO and in his previous positions,” said Weiss.