Tsesna Capital And BCC Invest Confirm Successful Roadshow To Offer Bonds Of Subsidiary Bank Home Credit And Finance Bank Held On April 26, 2017 In Astana

Kazakhstan: State Bailing Out Yet Another Ailing Bank

Tsesna Capital (Astana), BCC Invest, a subsidiary of
Bank CenterCredit (Almaty, BCC Invest in the headline), both being members of
Kazakhstan Stock Exchange (KASE), and Subsidiary Bank Home Credit and
Finance Bank (Almaty), whose bonds are officially listed on KASE, provided
KASE with the following joint press release today:

“The road show to offer bonds of Home Credit Bank was held in Astana.

The largest investors of the country met in Astana on April 26 to participate in
the road show of SB Home Credit. The bonds with a total nominal volume of KZT10
bn tenge are issued for a period of 3 years, with a coupon rate of 15% per
annum. The circulation of bonds will begin in May 2017.

Year to date it has been the first market offering of the medium-term bonds of a
private company. Home Credit Bank opens the way for all other private issuers of
Kazakhstan to attract debt financing for such a period and amounts.

Frantisek Kalivoda, CFO and Member of the Management Board of SB Home
Credit said, “The attractive yield of the bonds to be issued is based on the
successful business model of our Bank and the transparency of our
shareholders. The Bank is part of the international Home Credit Group (Prague,
Czech Republic), which has been successfully developing its retail lending in
Europe, CIS countries, Asia and the USA for about a quarter of a century. The
total assets of the Group exceeded EUR26 bn by the end of 2016. At year-end
2016, we are the most profitable bank in Kazakhstan with an unprecedented net
profit growth at KZT17.3 bn (it is 2 times more than in 2015).”

Tsesna Capital and BCC Invest organize the issue.

According to Samat Balkenov, Chairman of the Management Board of Tsesna
Capital, “These bonds will allow to fix a high coupon yield for the next three
years versus the declining interest rates in tenge in Kazakhstan. Given the
successful business model of the issuer, we believe that the offered bonds to
date are perhaps the most attractive investment in tenge for public and private
companies and banks.”

Nurlan Kalamkhatov, Chairman of the Management Board of BCC Invest
commented the event, “This offering of bonds will be the very first one among
commercial banks and representatives of the corporate sector this year. Our
company expects a big interest in our partner’s bonds, due to the attractive
issue parameters and favorable market conditions of the offer. We believe that
the issue of bonds will be successful and will serve as a benchmark for other
issuers in the near future.”

Home Credit Bank intends to use the funds obtained through the bond offering to
finance its lending activities.”