CB UNIASTRUM BANK LLC: Uniastrum gains Top-10 ranking for SME loan portfolio
EquityStory.RS, LLC-News: CB UNIASTRUM BANK LLC / Key word(s):
Miscellaneous
CB UNIASTRUM BANK LLC: Uniastrum gains Top-10 ranking for SME loan
portfolio
12.10.2011 / 12:20
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Press release
Uniastrum gains Top-10 ranking for SME loan portfolio
Figures released by RosBusinessConsulting news agency show Uniastrum
placing 6th by portfolio value among the country's financers of small and
medium enterprises as of July 1, 2011
Uniastrum Bank's SME loan portfolio expanded over 25% year-on-year to top
Rb 37 bn as of July 1, 2011. In H111 the lender issued small and midsized
concerns a total Rb 15 bn in credit, up 28% on the previous year. Meantime,
Uniastrum continues its active partnership with the Russian Bank for Small
and Medium Enterprise Support (SME Bank) under a government-sponsored SME
financial assistance program. In the first half of 2011 27% of total loans
extended to the SME community were funded by SME Bank.
Uniastrum offers small and medium-sized businesses a variety of credit
options carefully crafted to suit their individual goals and projects.
Conspicuous benefits of the Bank's SME finance programs include generous
repayment periods and competitive interest rates. For smaller enterprises
Uniastrum has an exclusive package of loan schemes called Sensible Credit
designed to cover a wide range of business objectives, featuring tailored
programs for certain business sectors, as well as special offers for
borrowers with a positive credit history.
'By steadily increasing its lending volumes, since year-start 2010
Uniastrum has succeeded in solidifying its positions on Russia's SME
finance market,' notes Kirill Tikhonov, the Bank's Managing Director for
Corporate Business Development. 'We continue to work for quicker credit
application processing times and for enhanced customer convenience. By
applying online via the Uniastrum website, for instance, business owners
can start their working relationship with the Bank immediately and receive
a preliminary loan decision without the need to visit a Uniastrum outlet.'
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 business. 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 banks based on the size of its branch
network. It is Russia's 48th largest bank by asset size, 37th by loan
portfolio value, 31st by total retail loans, and 11th by overall SME
credits, according to figures released by RosBusinessConsulting news
agency. Uniastrum's financial statement for January 1, 2011 showed the
Bank's equity capital standing at Rb 9 bn. Moody's Investors Service
affirmed Uniastrum's long-term credit rating at Ba3 with a stable outlook,
while Moody's Interfax Rating Agency affirmed its national scale rating at
Aa3.ru. Uniastrum is a deposit insurance scheme participant. The Bank's
regional network currently numbers more than 200 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 Uniastrum Bank Press Office:
127473, Moscow, Suvorovskaya sq. 1
744 04 04, ext. 1119
press@uniastrum.com
www.uniastrum.ru
End of Corporate News
---------------------------------------------------------------------
12.10.2011 Dissemination of a Corporate News, transmitted by
EquityStory.RS, LLC - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
EquityStory.RS, LLC's Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
142071 12.10.2011
EquityStory.RS, LLC-News: CB UNIASTRUM BANK LLC / Key word(s):
Miscellaneous
CB UNIASTRUM BANK LLC: Uniastrum gains Top-10 ranking for SME loan
portfolio
12.10.2011 / 12:20
---------------------------------------------------------------------
Press release
Uniastrum gains Top-10 ranking for SME loan portfolio
Figures released by RosBusinessConsulting news agency show Uniastrum
placing 6th by portfolio value among the country's financers of small and
medium enterprises as of July 1, 2011
Uniastrum Bank's SME loan portfolio expanded over 25% year-on-year to top
Rb 37 bn as of July 1, 2011. In H111 the lender issued small and midsized
concerns a total Rb 15 bn in credit, up 28% on the previous year. Meantime,
Uniastrum continues its active partnership with the Russian Bank for Small
and Medium Enterprise Support (SME Bank) under a government-sponsored SME
financial assistance program. In the first half of 2011 27% of total loans
extended to the SME community were funded by SME Bank.
Uniastrum offers small and medium-sized businesses a variety of credit
options carefully crafted to suit their individual goals and projects.
Conspicuous benefits of the Bank's SME finance programs include generous
repayment periods and competitive interest rates. For smaller enterprises
Uniastrum has an exclusive package of loan schemes called Sensible Credit
designed to cover a wide range of business objectives, featuring tailored
programs for certain business sectors, as well as special offers for
borrowers with a positive credit history.
'By steadily increasing its lending volumes, since year-start 2010
Uniastrum has succeeded in solidifying its positions on Russia's SME
finance market,' notes Kirill Tikhonov, the Bank's Managing Director for
Corporate Business Development. 'We continue to work for quicker credit
application processing times and for enhanced customer convenience. By
applying online via the Uniastrum website, for instance, business owners
can start their working relationship with the Bank immediately and receive
a preliminary loan decision without the need to visit a Uniastrum outlet.'
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 business. 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 banks based on the size of its branch
network. It is Russia's 48th largest bank by asset size, 37th by loan
portfolio value, 31st by total retail loans, and 11th by overall SME
credits, according to figures released by RosBusinessConsulting news
agency. Uniastrum's financial statement for January 1, 2011 showed the
Bank's equity capital standing at Rb 9 bn. Moody's Investors Service
affirmed Uniastrum's long-term credit rating at Ba3 with a stable outlook,
while Moody's Interfax Rating Agency affirmed its national scale rating at
Aa3.ru. Uniastrum is a deposit insurance scheme participant. The Bank's
regional network currently numbers more than 200 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 Uniastrum Bank Press Office:
127473, Moscow, Suvorovskaya sq. 1
744 04 04, ext. 1119
press@uniastrum.com
www.uniastrum.ru
End of Corporate News
---------------------------------------------------------------------
12.10.2011 Dissemination of a Corporate News, transmitted by
EquityStory.RS, LLC - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
EquityStory.RS, LLC's Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
142071 12.10.2011