Uniastrum Krasnodar branch extends Rb 793 mn loan to Gamma Holding Company

Repayable over 10 years, the non-revolving credit facility has been issued under the Bank’s U-Super Prime lending program, with a first tranche of Rb 388.2 mn already disbursed this month.

Uniastrum’s U-Super Prime scheme remains the Bank’s most popular lending option among corporate clients, allowing them to access upwards of Rb 30 mn or $1 mn (or the Euro equivalent). Without doubt, the program’s most attractive feature is its competitive interest rates, which since February 25 start at just 12% APR for ruble-denominated credits, or 8.5% and 8% for dollar and Euro loans, respectively. The arrangement fee is 1.5% of the principal amount. A U-Super Prime facility can be used for any purpose, be it for enhancing day-to-day cash flows (maximum loan term of 60 months with obligatory once-a-year payments), or for investment objectives (up to 10 years, with a prearranged payment plan). A U-Super Prime loan can be applied for by any business that has been operating at least 2 years and does not have a negative credit history.

Gamma Holding integrates 19 enterprises providing a variety of health resort services. The holding’s business units are either directly or indirectly engaged in the resort sector with annual aggregate turnover of more than Rb 300 mn. Since 2004 Gamma has been moving ahead in the Tuapse district with its “Gamma Health Resort Construction” investment program, estimated to be worth Rb 6 bn. The resort includes the 4-star Gamma wellness center, the 5-star Gamma Hotel, and the 4-star Svetlana holiday recreation center.

“Uniastrum Bank’s senior management displayed exactly the type of forward thinking and go-ahead attitude that we were looking for, coupled with a readiness to regard us as a potential client,” explains Gamma Holding’s General Director Viktor Chaban. “What continues to impress us most of all is the high professionalism of Uniastrum staff and their commitment to the client’s interests, which, needless to say, means we’ll be looking to do business again with Uniastrum when it comes to future projects. We would like therefore to say a big thank you to Uniastrum’s Krasnodar branch for its professional attitude, friendliness, consideration, and overall efficiency.”

Lending to large corporate clients is intrinsic to Uniastrum’s business development strategy. Over 2009 the Bank’s corporate credit portfolio expanded a solid 60%, totaling Rb 35.7 bn as of year-start 2010. Figures released by RosBusinessConsulting news agency show Uniastrum as ranking 38th by corporate loans among Russia’s leading banks in 2009.

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