Acquisition

International Personal Finance Plc
31 December 2007

International Personal Finance

31 December 2007





International Personal Finance plc



Russian Bank Acquisition



International Personal Finance plc (IPF), the recently listed international
company offering small sum, unsecured credit to 1.9 million customers in six
emerging markets, today announces the acquisition of OOO Maritime Commercial
Bank of Kaliningrad from Igor Dergunov and Maritime Joint Stock Bank. The
consideration payable in cash is RUR 140m (approx £2.75m), subject to any final
closing adjustment. The acquisition will provide IPF with a banking licence to
enable it to operate within the Russian market. The bank will be re-named IPF
Bank.



The acquisition is in line with IPF's strategy most recently outlined in its
December pre-close statement.



IPF Group Executive Chairman, Christopher Rodrigues, commented:



' We are delighted to announce this acquisition which will enable us to progress
our plans for entry into the Russian market in the first half of 2008. Russia
represents a huge opportunity for IPF and we are very pleased to be able to
deliver this important step of our strategy.'









Enquiries:



Victoria Richmond
IPF
0113 285 6873




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