Uniastrum makes consumer borrowing even easier

U-Money loans now start at Rb 50,000

Under Uniastrum Bank’s U-Money program customers receive a general purpose cash loan or a Visa card, provided at no extra charge, which they can use anywhere in the world to pay for goods and services. The credited funds can be repaid at any Uniastrum branch or via a cash deposit machine.

The U-Money initiative allows borrowers to take out up to Rb 900,000 for 5 years without the need for security or guarantors. Importantly, U-Money customers can choose their own monthly repayment date and opt for early settlement without incurring penalties or additional fees. The application process takes just 5 business days or less. Also, Uniastrum payroll cardholders enjoy a number of conspicuous benefits. For details about the Bank’s U-Money program and to fill in an application form, click on http://www.uniastrum.ru/personal/crediting/customer/?utm_source=pr&utm_medium=email&utm_campaign=umoney#.

Based on figures released by RosBusinessConsulting news agency, Uniastrum ranks among Russia’s Top-30 biggest banks in terms of total consumer credits disbursed in H110, during which time the Bank issued some Rb 950 mn in unsecured loans, expanding its unsecured credit portfolio more than 100% year-on-year as of July 1, 2010, when it topped Rb 2.4 bn.

“Cutting the minimal amount that can be taken out under our U-Money scheme makes borrowing available to a wider clientele,” notes Oleg Shvetsov, First Deputy Chairman of Uniastrum’s Management Board. “Over five thousand visit our branches every day, which testifies to our reputation for offering banking solutions that meet customers’ real needs.”

CB UNIASTRUM BANK LLC was established in 1994. Uniastrum is a universal lending institution offering a comprehensive range of financial products and services, with particular focus given to the retail sector and small and medium-sized businesses. Uniastrum is one of Russia’s Top-30 systemically important banks, as ranked by the Central Bank of the Russian Federation, and places among the country’s Top-20 based on the size of its branch network. It is Russia’s 45th largest bank by asset size, 31st by loan portfolio volume, 28th by overall retail deposits, and 13th by total auto loans. In 2003-2007 it was the 14th biggest dynamic-growth bank, according to ratings released by RosBusinessConsulting news agency. Uniastrum’s financial statement for January 1, 2010 showed the Bank’s total assets at Rb 140 bn, with equity capital amounting to Rb 8.7 bn. Uniastrum Bank is a deposit insurance scheme participant. On May 31, 2010 Moody’s Investors Service affirmed the Bank’s long-term global foreign and local currency deposit rating at Ba2 with a stable outlook, while Moody’s Interfax Rating Agency affirmed its national scale rating at Aa2.ru. Uniastrum’s regional network currently numbers around 220 offices (including 43 branches) in 48 Russian regions. Since October 31, 2008 Uniastrum Bank has been a member of the Bank of Cyprus Group.

For more information call or write Press office:

744 04 04, ext. 1066, 1119

www.uniastrum.ru