Home Credit & Finance Bank raises EUR 265 million via syndicated loan facility

Moscow, 08/17/2007

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, has successfully closed an EUR 265 million syndicated loan facility.

The Senior Term Loan Facility was arranged by Calyon and Erste Bank der oesterreichischen Sparkassen AG as the Initial Mandated Lead Arrangers and Bookrunners. Other participating banks included ABN AMRO, JPMorgan Chase Bank, N.A., Raiffeisenbank Austria (ZAO) as Mandated Lead Arrangers and Barclays Bank Plc, BNP Paribas Ireland, ZAO Citibank, Deutsche Bank AG, London Branch, ING Wholesale Banking, Komercni banka a.s, Prague, Merrill Lynch Capital Corporation, Standard Bank Plc as Co-Arrangers.

The facility has a tenor of one year and pays a margin of 195 bp over Euribor . The Facility Agreement was signed on 14th August 2007.

The transaction was launched on the 10th July 2007 to a group of selected relationship banks of HCFB and PPF Group, HCFB's ultimate parent, which were invited to bid for take and hold tickets. During the syndication the deal became oversubscribed, and HCFB elected to increase the facility amount from an initial EUR 250 million to EUR 265 million.

On the transaction, Dmitri Mosolov, Deputy Chairman of HCFB Management Board said:

"We are pleased with this important benchmark transaction which demonstrates the level of confidence and support for Home Credit and Finance Bank's business from a select group of its relationship banks. The facility was arranged under costs reflecting the current state of the credit markets. It provides HCFB with proceeds which will be used for financing the further growth of HCFB's consumer loan portfolio in the second half of this year. It also represents a further step in our strategy for diversifying our funding sources."

Robert Potac, Managing Director, Funding, Home Credit Group, commented on the outcome of the transaction: "We approached core relationship banks of both the PPF Group and the Home Credit Group requesting size, flexibility and an ability to complete the transaction in Summer. The level of support has been strong with the banks moving quickly to meet our requirements. In return, the deal has been priced at a level enabling both HCFB and the banks to benefit."

Notes to Editors:

Home Credit & Finance Bank

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 21% market share in the point-of-sale market and a 12% market share of the credit card market as of 30 June 2007.

HCFB offers its clients a wide range of credit products with variable credit terms. As of 30 June 2007, HCFB's products have been distributed through more than 23,000 POS outlets across over 1,100 cities throughout Russia. The bank's regional network comprises 81 representative offices and 58 KKOs (loan offices) across the Russian Federation.

Home Credit & Finance Bank is a member of the Home Credit Group. The companies of the Home Credit Group have been operating in the Central and Eastern European as well as Central Asian consumer finance markets and have granted loans in the combined principal of USD 2.7 billion as of 2006 year end. Home Credit maintains a leading position in the consumer finance markets of the Czech Republic (entered in 1997), the Slovak Republic (1999), the Russian Federation (2002) and the Republic of Kazakhstan (since December of 2005). Home Credit Group also entered the Ukrainian and Belarusian market in 2006. The Home Credit Group belongs to the PPF international group of companies which has interests in insurance and consumer finance, and provides complex asset management services. During its 16 years in business, PPF Group has become a leading international financial investor, managing assets of approximately USD 10.8 billion as at the end of 2006.

For further enquiries, please contact:

Natalya Dokuchaeva
Head of Strategic
Communications, HCFB
Tel: (+7) 495 514 1019 (4930)
E-mail: press@homecredit.ru

Alena Zheltova
Deputy Head of Corporate
Finance, HCFB
Tel: (+7) 495 514 1017 (4431)
E-mail: alena.zheltova@homecredit.ru

Tomas Cerny
Head of Capital Markets
Home Credit Group
Tel: +420 224 559 174
E-mail: tomas.cerny@homecredit.eu

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08/17/2007