Home Credit Group acquires financial institution in Belarus

9.1.2007 – Home Credit Group, the international consumer finance specialist, announces that it has acquired a controlling stake in OJSC Lorobank from private international investors. Lorobank is a small financial institution in Belarus, with assets totalling BYR 6.4 billion (EUR 2.4 million) as of 30 September 2006 (in accordance with local accounting standards).