Czech Provident, one of the largest non-bank finance providers in the Czech Republic and part of International Personal Finance (IPF), is pleased to announce that it has been included in the Responsible Lending Index by influential NGO People in Need.

Czech Provident is one of only 15 financial services providers to be ranked as a responsible lender in this year's index.

The Responsible Lending Index compares companies including banks, leasing companies and non-bank financial institutions that provide consumer credit in the Czech market and have applied for a license with the Czech National Bank. All companies were assessed by cost of credit, transparency and customer service to provide a ranking that shows how consumer lenders behave towards their customers.

The Responsible Lending Index includes Czech Provident alongside international banks such as CSOB, UniCredit and Raiffesen. As part of the rigorous evaluation by People in Need, Czech Provident's customer contracts were also highly ranked as some of the most concise and transparent in the industry.

Petr Sastinsky, Country Manager Czech Provident, said: 'We are delighted Czech Provident has been recognised by People in Need as one of the most responsible lending businesses in the Czech Republic.

'We have been committed to providing fair and accessible financial services in the Czech Republic since 1997 and see responsible non-bank lenders as an essential part of a competitive and well-functioning consumer credit market place. In particular, we serve customers who are typically underbanked or underserved and help with both economic and social mobility.'

Czech Provident is a leading provider of home credit in the Czech Republic. For 6 months ending 30 June 2017, IPF's Northern Europe region, which comprises the home credit businesses in Poland and the Czech Republic, had 798,000 customers and credit issued was £248.4M.

Ends

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IPF - International Personal Finance plc published this content on 30 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 January 2018 09:49:05 UTC.

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