On September 30, 2009 Uniastrum Bank took part in the meeting organized by the Commission on Banks and Banking Operations of the Russian Union of Industrialists and Entrepreneurs

The meeting was dedicated to the very urgent issue of “increasing the responsibility of participants of credit relations in conditions of the Russian economy recession”

Special attention was given to the condition of lending by banks in the current context, relations between banks and borrowers, conceptual improvement of quality of credit relations, role of the state in boosting lending to the economy sectors, analysis of experience of other countries in crisis-fighting activities, legal aspects of increase in responsibility on behalf of credit relations participants. Director of the Department for Cooperation with Governmental Bodies Igor Apostolov took part in the Commission meeting on behalf of Uniastrum Bank.

“Organization of meetings of this kind and exchange of opinions between the participants of the banking community is very timely and important from the point of view of working out a coordinated position on the topical issue of today: improvement of quality of relations between the banks and clients, says Igor Apostolov, - and the quality of relations means, first of all, mutual responsibility of the participants of a credit deal. On behalf of the banks, this is reliability and completeness of the provided information, no hidden fees. On behalf of the clients, this is a full and punctual execution of their contractual obligations related to loan repayment. Uniastrum Bank has always taken an attitude of responsibility and balance towards this issue. This may be proved by the following facts: a big number of loan programs developed by the bank, competitive interest rates, flexible and customized approach to the clients. On the whole, organization of such meetings will undoubtedly help all the parties concerned find and develop ways out of the present economic recession and will contribute to a speedy restoration of the banking sector and Russian economy in general”.