Change of name
05 June 2008
Following shareholder approval at the AGM of 29 May 2008, the name of the Company has now been changed to MCB Finance Group plc. The new corporate name better reflects the Company's business focus and widening range of services. The Company's ticker remains MCRB.
MCB Finance has taken this opportunity to upgrade its corporate website. More details about the Company can be found at www.mcbfinance.com. Key contact details appear below.
Further information:
| MCB Finance Group plc: | |
| Rami Ryhänen, Chief Executive rami@mcbfinance.com |
+372 5300 8332 |
| Henry Nilert, CFO henry@mcbfinance.com |
+358 451 370 065 www.mcbfinance.com |
| Media enquiries: | |
| Allerton Communications: | |
| Peter Curtain / Jennifer Thomas | +44 20 7812 6477 |
| Nominated Adviser: | |
| Libertas Capital: | |
| Matthew Hindhaugh | +44 20 7569 9669 |
Notes to editors
MCB Finance Group plc is a consumer finance company providing fast, convenient, easily understood and flexible credit solutions under the Credit24 brand name to retail customers in Finland and the rapidly growing Baltic countries of Estonia, Latvia and Lithuania (the Fenno-Baltic Region). Loan products are designed to suit customers' needs with simple and transparent terms and flexible repayment schedules. Loans are offered online through the Company's Credit24-branded websites in Estonia, Finland, Lithuania and Latvia, as well as through certain distribution partners. The Company currently provides unsecured loans between €100 and €2,000 to qualifying customers, with maturities ranging from one month to two years.
The markets for unsecured consumer credit in the countries where the Company operates are relatively under-developed and experiencing rapid growth. Since launching the business in late 2006, the Company has become one of the leading participants in the non-standard lending market. This segment is typically under-served by larger financial institutions, and attracts customers who value the flexibility and simplicity of the products offered.