OREANDA-NEWS. On July 25, 2008 Home Credit & Finance Bank ("HCFB" or "the Bank"), rated Moody's Ba3/NP/D-, S&P B+/B, and one of the leading banks specializing in consumer banking in Russia, announced that it has agreed a 12 month extension to a USD 328 million deposit with its parent company, Home Credit B.V., reported the press-centre of HCFB.

The deposit was initially provided on 17 December 2007 to HCFB by the parent holding company Home Credit B.V. as part of a RUB 10 billion credit line. Home Credit B.V. extended the maturity date ahead of its September 2008 maturity, demonstrating its ongoing support of HCFB's further development.

The deposit will be rolled over on an arm's length basis for the period of one year to September 2009 and will bear interest,which will be paid monthly, based on 12 months' Libor, fixed at the time of extension in September.

Additional information is available on www.homecredit.net:

HCFB obtains USD 328 mln deposit from Home Credit B.V. as part of the credit line commitment totaling RUB 10 bln. http://www.homecredit.net/en/press-centre/press-release/62.shtml

HCFB rolled over USD 328 million deposit from Home Credit. B.V. http://www.homecredit.net/en/press-centre/press-release/67.shtml