Home Credit Bank (Belarus): Increased statutory capital level exceeds EUR 27 million

Minsk

01/15/2010 - Home Credit Bank increased its statutory capital up to a sum equivalent to EUR 27 million to meet the new requirement of the National Bank of Belarus.

Home Credit Bank, public limited company, has increased the Company’s share capital through an issue of additional shares by 16.29 billion Belorussian roubles. Home Credit Bank has thus successfully met the requirement of the National Bank of the Republic of Belarus, according to which the statutory capital has to be equal to EUR 25 million.

The Bank’s statutory capital consists of more than 62 billion Belorussian roubles. The statutory capital level of the Bank has exceeded a sum equivalent to EUR 27 million.

 

More information at:

www.homecredit.by

 

For further information, please contact:

Press inquiries:

Oksana Kharkova

PR Manager

Tel.: (017) 229 89 84

E-mail: press@homecredit.by

 

Notes to Editors:

Home Credit Bank, Public Limited Company, is one of the leaders in the Belorussian fast credit market. The Bank started its business in December 2007 and is a member of the Home Credit Group.

Home Credit Group companies operate in consumer finance markets of the Central and Eastern Europe as well as Central Asia and the Far East. The Home Credit Group maintains one of the leading positions 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), Ukraine (OJSC Home Credit Bank since 2006), Belarus (OJSC Home Credit Bank since 2007), China (Home Credit Asia, December 2007) and Vietnam (April 2009).

Home Credit Group is a member of PPF Group, established in 1991, which is a leading international investment group. PPF Group focuses on financial services (banking, insurance and consumer finance), private equity investments, and investments in real property. PPF Group also actively seeks investment opportunities and undertakes strategic investments in emerging markets of the Central and Eastern Europe and Asia. During its 18 years in business, PPF Group has become an important international financial investor, managing assets of EUR 10.1 billion as of 30 June 2009.