OREANDA-NEWS. February 11, 2013. “Home Credit and Finance Bank LLC” (HCFB), a bank incorporated in Russia, today announces that it has acquired a 100% stake in “Home Credit Bank JSC”, a bank incorporated in the Republic of Kazakhstan, from its current shareholders. The transaction has been approved by respective regulators, reported the press-centre of HCFB.

„The deal is part of the strategic plan of Home Credit Group in the CIS region. The consolidation of Russian and Kazakh assets will leverage business synergies, facilitate the transfer of expertise and finally it will further increase business efficiency in both countries. Home Credit Bank Kazakhstan will be supported both by HCFB and Home Credit Group (Home Credit B.V.),“ said Ivan Svitek, Chairman of the Management Board of HCFB, who has recently taken responsibility for business development of Home Credit operations in the CIS region.
 
Home Credit Bank JSC is one of the key players on consumer finance market in Kazakhstan boasting a market share close to 30%. The bank offers POS loans at partner shops, cash loans as well as deposit products.

More information is available at www.homecredit.kz

Home Credit and Finance Bank LLC [Moody’s Ba3, Fitch BB-] HCFB offers its clients a wide range of credit products and banking services. The Bank’s database comprises over 24.3 million contacts. HCFB’s products are distributed through 64,521 points of sale in 8 federal districts of Russia. The Bank’s regional network comprised 5,963 branches and offices and 1,081 ATMs across the Russian Federation as at 30 September 2012.

More information is available at www.homecredit.ru