OREANDA-NEWS. On February 06, 2007 Home Credit & Finance Bank LLC ("HCFB") [Moody's Ba3/NP/D-, S&P B+/В], one of the leading banks specializing in consumer banking in Russia, announced that it has rolled over the deposit totaling USD 328 million received from the parent company Home Credit B.V. until 5 September 2008, reported the press-centre of HCFB.

The roll over of the deposit for the total amount of USD 328 million (approximately RUB 8 billion) followed the decision of the HCFB General Meeting which was held on 5 February 2008. The deposit was provided on 17 December, 2007 by the parent holding company, Home Credit B.V., as part of the RUB 10 billion credit line. The deposit has been extended on an arm’s length basis for a period of 183 days, from 6 March 2008 to 5 September 2008 and carries interest at a rate of 7,84%.

Notes to Editors:
Home Credit & Finance Bank (Moody's Ba3/NP/D-, S&P B+/B) is one of the leading banks specializing in consumer banking in Russia with a 24% market share in the point-of-sale market and a 10% market share of the credit card market as of 30 September 2007.

HCFB offers its clients a wide range of credit products with variable credit terms. HCFB's products are distributed through more than 25,000 POS outlets across over 1,100 cities throughout Russia. The bank's regional network comprises 139 offices across the Russian Federation as of 30 September 2007.

Companies of the Home Credit Group operate in the Central and Eastern European as well as Central Asian consumer finance markets and as at year-end 2006, had granted loans in the combined principal of USD 2,7 billion. Home Credit Group maintains one of the leading position in the consumer finance markets of the Czech Republic (Home Credit, since 1997), the Slovak Republic (Home Credit Slovakia, since 1999), the Russian Federation (Home Credit & Finance Bank, since 2002) and the Republic of Kazakhstan (Home Credit Kazakhstan, since December 2005). Home Credit Group also entered the Ukrainian and Belarusian market in 2006 (CJSC Home Credit Bank, Home Credit Finance and OAO Home Credit Bank respectively) and China (Home Credit Asia, December 2007).

The Home Credit Group is part of the PPF international group of companies, which was established in 1991 and has interests in insurance and consumer finance, and provides sophisticated asset management services. During its 17 years in business, PPF Group has become an important international financial investor, managing assets of over EUR 8.7 billion as of 30 June 2007.