May 21, 2014 / 11:42 AM / 3 years ago

Russian bank HCFB not for sale - shareholders

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PRAGUE, May 21 (Reuters) - Consumer lender Home Credit B.V. has no plan to sell its operations in Russia, it said on Wednesday.

The group, owned by Czech investment firm PPF and Czech businessman Jiri Smejc, runs Home Credit & Finance Bank (HCFB) in Russia.

"Beneficiaries of the Home Credit B.V. holding authorised the company's top management to stress again that nothing is changing in the shareholders' intentions to develop Russian bank HCFB in the long run," a statement on the website of majority shareholder PPF said.

"Shareholders are not planning to sell this bank," it said.

The statement was issued in reaction to an article in Russian daily Izvestiya, which the company said had reported incorrectly that a sale was being prepared. (Reporting by Jan Lopatka; Editing by Jason Hovet)

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