Hi guys, I am going through the annual reports of ccp. In 2007 annual report. In Chairman's report.
"SUCCESSFUL INTEGRATION OF PIONEER CREDIT
In a significant achievement, the operationsof Perth-based Pioneer Credit, which CreditCorp acquired in July 2006, have now beenfully integrated into the wider group.Pioneer Credit brings far more thanbolt-on capacity to Credit Corp. Prior tothe acquisition, the company had beenwell known to Credit Corp as a trustedcontingency collector with a philosophymatching our own. Its collection team,numbering approximately 50 people,is now an important facet within CreditCorp’s national collection network,while its founder, Keith John, providesvaluable input to Credit Corp as Headof Strategic Business."
I am confused, is Pioneer credit a part of ccp? I thought pioneer credit is a separate company? It's code is PNC??
CCP Price at posting:
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