Number of Uniastrum Bank SME loans more than doubles

In the first half of 2010 Uniastrum issued small and midsized enterprises twice the amount of credit disbursed to this segment in the year-earlier period, placing it 6th by SME portfolio size in rankings released by RosBusinessConsulting news agency.

Based on H110 results, Uniastrum’s SME loan portfolio expanded 20% year-on-year, tipping the scales at around Rb 30.5 bn as of July 1, 2010. Total credit granted to small and midsized enterprises also climbed 20%, the number of SME loan issues more than doubling during the same period. In the first half of 2010 Uniastrum Bank gave out over 700 SME loans, totaling Rb 12.2 bn.

As of July 1, 2010, Uniastrum’s small business portfolio weighed in at around Rb 7.6 bn, up more than 65% on the year-start showing of Rb 4.6 bn.

One of the Bank’s most popular SB loan options is its U-Prime scheme, not least because of its competitive interest rates, as well as its generous repayment period, which makes for convenient and affordable monthly installments and is particularly suitable for SME borrowers.

“Uniastrum is one of Russia’s Top-10 SME lenders,” says Svetlana Chubakova, the Bank’s Vice-President for Small Business Development. “We understand our clients’ needs and have their full confidence – which enables us offer them end-to-end, individualized business solutions, including long-term loans.”

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