Uniastrum debuts new range of auto loan programs

Rates on the Bank’s new line of affordable automobile financing options “U-Auto” begin at 12.9% and 11.9% APR for retail and corporate clients, respectively

The new range of auto credit initiatives includes U-Auto Basic, a program designed for retail customers and available at any Uniastrum branch, U-Auto Corporate, a special loan option for businesses, and U-Auto Leader, which borrowers can apply for at car showrooms. Minimum down payment on U-Auto Basic and U-Auto Corporate loans is 15% of the automobile price. There is a one-time setup fee of Rb 5,000. For U-Auto Leader credits, minimum upfront payment starts at 25% and the setup fee is Rb 8,000. More details can be found by clicking on http://www.uniastrum.ru/~autocredit/.

Uniastrum’s new auto finance programs enable borrowers to save time and money when shopping for a car, which may be brand new or secondhand – provided that the vehicle is no older than 9 years at the time the loan is paid off. Credits are issued in rubles, range from Rb 50,000 – Rb 4 mn, depending on the size of the down payment, and are repayable over a period of 5 years. Notable benefits of Uniastrum’s new auto schemes include lower interest rates, partial or full early settlement options at no extra charge, as well as no need for guarantors.

Uniastrum’s auto loans are available to anyone with a Russian passport and aged 21 – 60 as of the time the credit agreement is signed. Borrowers must be permanently resident in one of the regions where the Bank operates. Other eligibility criteria include a permanent income, at least 12 months total work experience, a minimum of 3 months and 5 days spent in present employment, as well the absence of a negative credit history. Once an application has been made, the loan decision is taken within two business days.

“Uniastrum’s new auto finance products have been put together by our team of specialists to take account of current market trends and diverse borrower needs,” says Eugene Tutkevich, Chairman of Uniastrum’s Management Board. “Expanding and improving our auto loan segment continues to form an important part of the Bank’s overall retail strategy. In 2011 we plan to upsize our auto credit portfolio at least 25%.”

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