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Uniastrum Bank

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Uniastrum Bank Receives Best Retail Loan Award

On December 14, at the 7th National Banking Awards Ceremony organized by the Association of Russian Banks, the lenderís personal loan option Access was judged the countryís best retail credit product.

Moscow, Russia, December 23, 2011 --( Uniastrum President Gagik Zakaryan received the award from two-time Hero of the Soviet Union and pilot cosmonaut Viktor Gorbatko, marking Uniastrum’s third win of one of the banking sector’s most coveted prizes. This year the Prize Jury chose to present the Bank with a special award for the best retail loan product in the Household Lending category.

Uniastrum launched its Access credit initiative in August 2011 since when demand for the Bank’s consumer lending options has more than doubled. In October and again in December Access was ranked the nation’s best personal loan deal by web portal.

Under Uniastrum’s Access program, customers can borrow up to Rb 600,000, repayable over a period of 3 years. A general-purpose loan, Access interest rates start at 10.5% APR and are calculated individually on a per-customer basis using risk-based pricing*. Along with the loan, borrowers automatically receive a Visa Electron card. The credited funds are repayable by fixed monthly installments, which can be made at any Uniastrum branch, via self-service kiosks, or using QIWI and Elecsnet payment terminals.

“Access can genuinely be said to have become a popular favorite and it gives me great pleasure personally to think that this particular loan program has been rated so highly by our customers and the banking community alike,” notes Gagik Zakaryan. “Uniastrum has always made it a matter of policy to cater to the needs of the wider public by offering competitively priced borrowing and deposit options, while ensuring high-quality service throughout our extensive nationwide branch network.”

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, while Moody’s Interfax Rating Agency affirmed its national scale rating at 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.

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Uniastrum Bank
Kseniya Chernisheva
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