Home Capital Group Inc.

HCG

CA4369131079

Banks

Market Closed - Toronto S.E. Other stock markets 04:00:00 2023-09-01 pm EDT			5-day change	1st Jan Change
44.26 ^CAD	-.--%		-.--%	-.--%

2023	DBRS Discontinues, Withdraws Home Capital Group's Ratings	MT
2023	Home Capital Group Inc.(TSX:HCG) dropped from S&P/TSX Composite Index	CI

Home Capital : to sell payment processing, prepaid card business

October 16, 2017 at 03:14 pm EDT

(Reuters) - Canadian mortgage lender Home Capital Group Inc said on Monday it would sell its payment processing and prepaid card business.

The sale, which also includes Home Capital's payment services interactive gateway units, is expected to generate about C$20 million ($15.97 million) in annual savings, the lender said.

Home Capital said it expects a reduction in fee and other income of about C$18 million due to the sale.

The deal is expected to close in 2017, the company said, without identifying the buyer.

($1 = 1.25 Canadian dollars)

(Reporting by John Benny in Bengaluru; Editing by Sriraj Kalluvila)

Latest news about Home Capital Group Inc.

DBRS Discontinues, Withdraws Home Capital Group's Ratings	23-09-01	MT
Home Capital Group Inc.(TSX:HCG) dropped from S&P/TSX Composite Index	23-09-01	CI
Home Capital Group Inc.(TSX:HCG) dropped from S&P Global BMI Index	23-09-01	CI
Home Capital Group Inc.(TSX:HCG) dropped from S&P/TSX Capped Composite Index	23-09-01	CI
Home Capital Group Inc.(TSX:HCG) dropped from S&P/TSX Completion Index	23-09-01	CI
1000355080 Ontario Inc. completed the acquisition of Home Capital Group Inc. from Turtle Creek Asset Management Inc. and others.	23-08-30	CI
Home Capital Group Reports Final Regulatory Approvals for Acquisition by Smith Financial; Deal to Close Aug. 31	23-08-25	MT
Home Capital Group Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-03	CI
Home Capital Group's Q2 Adjusted Profit, Revenue Grows; Declares Q3 Dividend	23-08-03	MT
Home Capital Brief: Net Income Diluted earnings per share of $1.49 in Q2 2023 compared with $0.97 in Q2 2022	23-08-03	MT
Home Capital Group Inc. Declares Dividend, Payable on September 15, 2023	23-08-03	CI
Home Capital Group Announces Deferral of Annual General Meeting; Provides Update on Acquisition by Smith Financial Corp	23-06-21	MT
Home Capital Group Reports Q1 2023 Adjusted EPS of $1.37	23-05-10	MT
Tranche Update on Home Capital Group Inc.'s Equity Buyback Plan announced on February 17, 2022.	23-05-10	CI
Home Capital Group Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-10	CI
North American Morning Briefing : Caution -2-	23-05-10	DJ
Home Capital Declares Quarterly Common Share Dividend, Payable on June 15, 2023	23-05-10	CI
Home Capital Brief: On Asset Growth, Mortgage originations decreased 47.6% over Q1 2022	23-05-10	MT
Home Capital Brief: On Funding, Deposits through Oaken channel of $5.06 billion make up 31.2% of total deposits	23-05-10	MT
Home Capital Brief: On Credit Quality, Provisions of $0.7 million compared to a reversal of provision of $0.1 million in Q1 2022	23-05-10	MT
Home Capital Brief: Adjusted net income of $53.0 million or $1.37 diluted earnings per share in Q1 2023	23-05-10	MT
Home Capital Group Obtains No-Action Letter Under Competition Act for Acquisition by Smith Financial; Up 4.6%	23-04-17	MT
Home Capital Group Obtains No-Action Letter Under Competition Act for Acquisition by Smith Financial	23-04-17	MT
Home Capital Brief: Received No-Action Letter Under Competition Act for Acquisition by Smith Financial Corporation	23-04-17	MT
Canada regulator steps up antitrust review of Smith Financial bid for Home Capital	23-04-04	RE

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank, offer deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending loan portfolio comprises credit cards, lines of credit and other consumer retail loans. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest in excess capital.

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