Home Credit confirms official launch of operations in China

27.12.2007 – Home Credit Asia N.V., a wholly owned subsidiary of the Netherlands-based PPF Group N.V., today confirmed that it has officially commenced operations in China. PPF Group N.V. has developed the group of “Home Credit” companies as its arm in consumer finance and retail banking in Central Europe, former CIS and Asia and has already achieved to occupy the leading positions in the Czech Republic, Slovakia, the Russian Federation, Belarus, Ukraine and Kazakhstan.