The first installment of the loan will go toward financing the construction of the new Ilyinsky Park business class residential complex, as well as other projects
In H110 Uniastrum Bank’s corporate credit portfolio grew 30 percent to around Rb 34 bn as of July 1, 2010. Loans to construction companies account for more than 20 percent of the portfolio.
The Ilyansky Park residential complex is situated in the Yuzhny microdistrict in the town of Krasnogorsk at the intersection of the Novorizhskoye and Ilyinskoye highways. The complex incorporates three 25-storey houses, underground parking, stores, a supermarket, consumer services, clinics, and children’s facilities. However, Ilyansky Park offers more than modern convenience and comfort: the complex is ideally located for easy access to the Zvenigorskoye, Volokolamskoye, Leningradskoye, Rublevskoye, and Mozhaiskoye highways.
One of Uniastrum’s specially crafted products for corporate clients is its U-Super-Prime credit option. Loans begin at Rb 30 mn or 1 mn dollars (or euro equivalent) and can be used for any purpose. Conspicuous advantages of the U-Super-Prime program include its competitive interest rates and its generous repayment periods. Working capital loans, for example, are made available for up to 5 years, with client payments at least once every 12 months, while investment loans can be taken out for as long as 10 years, with a payment plan agreed on to suit the client’s needs. A U-Super-Prime loan is open to any company that has been operating for at least 2 years and does not have a negative credit history.
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