Uniastrum launches special loan program for rental business

Uniastrum Bank moves ahead with its first lending scheme geared toward the needs of small and midsized enterprises operating on the commercial and residential property market

In today’s economic environment, the sustainable expansion of Russia’s rental business is predicated on the ability of companies to ensure stable earnings and of real estate to offer private investors an opportunity to turn a handsome profit. Uniastrum Bank’s targeted credit program for property lease holders enables them to build their business and undertake new projects.

Under the program, Russia’s SME can access credit ranging from Rb 500,000 to Rb 20 mn (or the dollar/euro equivalent) in order to buy new facilities or make investments for a period of up to 15 years. Conspicuous advantages of the scheme include the easy repayment terms that take into account the specifics of a given business, an application process that eschews scrutinizing every detail of a company’s activities, an opportunity to obtain credit supported by a guarantee from the Small Business Assistance Fund (covering up to 50% of the loan amount), and competitive interest rates starting at 13.5% APR for ruble-denominated loans.

Borrowers are asked to submit most of the requisite documents only once the Bank decides to grant the loan, which can be applied for online at http://www.uniastrum.ru/~sme-credit-form/, by contacting Uniastrum’s Information Center on 8-800-333-04-04, or by calling in at any Uniastrum banking center. The loan decision is taken within 3 business days of the application being received.

Lending to the small business community remains one of Uniastrum’s core business lines. With a view to developing this area of its activities, the Bank continues to produce special programs for a diverse range of economic sectors. For the record, Uniastrum’s retail business lending option is already up and running in Samara, Tver, Ufa, and Tyumen. Moving ahead, there are plans to expand the program throughout the Bank’s entire network.

“Before too long we aim to launch similar programs for food retailers, as well as for companies operating in the passenger transportation market,” says Svetlana Chubakova, Uniastrum’s Vice-President for Small Business Development. “In H110 total credits disbursed by Uniastrum Bank to the small business community were up 78% on the year-earlier figures, and we remain committed to lending to this important sector of the economy.”

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 October 1, 2010 showed the Bank’s total assets at Rb 134 bn, with equity capital amounting to Rb 8.99 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

press@uniastrum.com

www.uniastrum.ru