Uniastrum Bank and OPORA Russia Ink Cooperation Agreement
Predicated on the signatories’ mutual commitment to promote small and midsized business interests in Russia and to work together to address ongoing SME concerns, the agreement aims, among other objectives, to provide the nation’s entrepreneurs with affordable banking solutions on easy terms.
“Our common cause is to lend support to small and medium-sized business,” Eugene Tutkevich, Chairman of Uniastrum’s Management Board, said at the signing of the agreement. “By bringing together SME owners around the country, OPORA Russia is making an immense contribution to the establishment of an auspicious environment in which the nation’s business community can grow and prosper. For the record, let it be said that Uniastrum’s unswerving commitment to honing its small and medium-sized lending programs is intrinsic to its strategic development objectives.”
Uniastrum continues to play an active part in the government-sponsored SME lending program operated by the Russian Bank for Development, which enables business owners to access credit at preferential rates. Meantime, the Bank’s partnership relations with regional administrations and foundations are expanding. In H110 total loans disbursed by Uniastrum Bank to small enterprises surged 78%. Thanks to its proactive operations in this area, Uniastrum ranks among Russia’s Top-10 SME lenders, according to figures released by RosBusinessConsulting news agency.
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