OREANDA-NEWS. On December 19, 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, confirmed that it has been provided with a deposit from the parent company Home Credit B.V. totalling USD 328 mln, reported the press-centre of HCFB.

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%.