The financial group PPF saw its profits plummet by CZK 9.1bn in 2017 to a mere CZK 16.5bn, while its total assets rose 41 percent to CZK 975bn (€38bn). The company currently employs a total of 170,000 people, of which 9,400 are based in the Czech Republic. “The profitability of all key assets met our expectations across all asset classes of consumer finance, banking, telecommunications and real estate,” said PPF’s financial director Kateřina Jirásková. “The growth in the volume of assets was contributed to primarily by the Asian branches of Home Credit. We further supported our successful strategy of geographical and sector diversification through new acquisitions in the e-commerce and engineering.”
