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Uniastrum Bank

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Russian Bank for Development Loans Uniastrum 1.1 Billion Rubles to Assist Small and Midsized Business

Repayable in 5 years, the special-purpose loan is part of a co-financing initiative geared toward implementing the Government SME Lending Program.

New York, NY, October 28, 2010 --( Small or medium-sized businesses meeting RBD eligibility requirements can obtain a loan on easy terms from Uniastrum Bank under the Government SME Lending Program. Interest rates are a maximum 13.5% APR. Further details of the Program are displayed on the Russian Bank for Development’s website.

The offer is open to SME based in any of the following eighteen regions: Altai, Vladimir, Volgograd, Irkutsk, Kaliningrad, Krasnodar, Krasnoyarsk, Murmansk, Novosibirsk, Omsk, Rostov, Samara, Saratov, Smolensk, Stavropol, Tver, Ulyanovsk, and Yaroslavl, as well as in the Chuvash Republic, or Saint Petersburg.

Uniastrum continues to promote Russian enterprise through its active partnerships with local administrations and foundations in more than 30 regions nationwide, as well as by its ongoing commitment to providing banking products and services specially designed to appeal to budget-conscious small and midsized businesses.

“Our successful working relationship with the Russian Bank of Development began last year when we joined forces on a SME assistance program in Magadan and the Magadan region,” notes Eugene Tutkevich, Chairman of Uniastrum’s Management Board. “Giving small and medium-sized business the opportunity to obtain affordable credit is crucial to economic growth in the regions, which is why we are more than willing to go on partnering with RBD and helping SME throughout Russia.”

Contact Information
Uniastrum Bank
Kseniya Chernisheva

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