Information from our parent company - New credit line totalling RUB 10 bln available for Home Credit & Finance Bank
Amsterdam, 12/10/2007
PPF Group N.V. ("PPF Group"), one of the leading financial conglomerate in the CEE region active also in CIS countries and Asia, announces it has provided Home Credit & Finance Bank (HCFB), rated Moody's Ba3/NP/D-, S&P B+/В, one of its key subsidiaries, with the credit line in the total amount of up to RUB 10 bln."This is the another time when PPF Group, acting like an active and responsible shareholder stands behind HCFB by providing funds to ensure future growth of HCFB despite current turbulent market conditions. Accordingly, HCFB is fully funded for the Christmas/New Year period and covered for its refunding needs for the 1st quarter of 2008," said Jiri Smejc, the co-owner of PPF Group.
The credit line is available in either in a form of short-term loans or deposits. Home Credit & Finance Bank can utilize the proceeds in RUB, EUR or USD based on its current preferences.
Notes to Editors:
PPF Group is an international financial 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 EUR 8.7billion as at the 30th of June, 2007. PPF Group has its corporate ownership and decision making structure based in the Netherlands. The group's key holding company that defines strategic decisions regarding the entire group's activities is the Amsterdambased PPF Group N.V.
Contacts:
Alexej Bechtin
PPF Spokesperson
Tel: (+420) 224 559 033
E-mail: bechtin@ppf.cz
Jiří Hájek
PPF Director for Marketing and Communications
Tel: (+420) 224 559 027
E-mail: hajek@ppf.cz
12/10/2007
