HCFB obtains USD 328 mln deposit from Home Credit B.V. as part of the credit line commitment totalling RUB 10 bln.

Moscow, 12/19/2007

The drawdown of the deposit for the total amount of USD 328 mln (approx. RUB 8 bln) followed the decision of the HCFB General Meeting as of 17 December 2007. The deposit was provided by the parent holding company, Home Credit B.V., as part of the RUB 10 bln credit line. This follows the announcement from PPF Group on 10 December 2007, the ultimate owner, to provide HCFB with a credit line to support its future growth. The proceeds shall be used to support HCFB's business during the busy Christmas period and for the possible provision of HCFB's refinancing needs in the first quarter of 2008. The deposit has been provided on an arm's length basis for a period of 80 days, from 17 December 2007 to 6 March 2008 and carries interest at a rate of 8.49%.

For more information, please contact us on:

Markéta Mühlhoferová
Head of Investor Relations, HCG
E-mail: marketa.muhlhoferova@homecredit.eu
tel: +420 224 559 174

Milan Tománek
Group Communication Manager, HCG
E-mail: milan.tomanek@homecredit.eu
tel: +420 224 559 573

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

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

Notes for 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 27,000 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 have been operating in the Central and Eastern European as well as Central Asian consumer finance markets and had granted loans in the combined principal of USD 2.7 billion as of 2006 year end. Home Credit Group 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 over USD 10 billion as at the end of 2006.

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12/19/2007