OREANDA-NEWS. January 27, 2010. Home Credit B.V. (‘HCBV’ or ‘Home Credit Group’), the Netherlands based holding company that operates consumer finance specialists in six CEE / CIS countries, announces its preliminary, unaudited results expected for FY2009 (IFRS).

'Given the market focus on the financial services industry, and in particular, on how consumer lending businesses have performed in the global market downturn, Home Credit has decided to announce its preliminary unaudited results for 2009. Home Credit management has released this information to assure all stakeholders of the company's solid performance ahead of the completion of the audit.

I am glad to announce that HCBV expects FY2009 consolidated net profit to amount to EUR 48 million. This demonstrates Home Credit Group?s ability to efficiently manage its business in turbulent times. Compared to 2008 net profit of EUR 46 million, HCBV will increase value for shareholders even though the gross loan book declined to EUR 1,994 million as of 31 December 2009 from EUR 2,894 million as of 31 December 2008. I am delighted to announce that our operations in Russia (2009 net profit is expected to be RUB 5 billion) made a particular contribution to this positive result.

Full disclosure of Home Credit Group?s financials will be made only after the audit is completed in March 2010.'

Alexander Labak
Chief Executive Officer
Home Credit Group