PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
 

Press Releases

 
Uniastrum Bank

Press Release


Receive press releases from Uniastrum Bank: By Email RSS Feeds:

Uniastrum Strikes Up Partnership with Khabarovsk Region Guarantee Fund


The Bank is now one of a number of credit institutions collaborating with the Fund on its small business loan guarantee program. Under the agreement, the Fund undertakes to guarantee Uniastrum-issued loans up to a total Rb 36 mn.

Moscow, Russia, April 11, 2012 --(PR.com)-- Thanks to the agreement between Uniastrum Bank and the Khabarovsk Region Guarantee Fund, local business owners will find it easier to secure financing on reasonable terms. By taking advantage of a Fund guarantee, borrower enterprises lacking sufficient liquid collateral can now use Uniastrum as a source of credit.

The Fund is ready to guarantee up to 50% of any loan commitment undertaken. A Uniastrum Fund-supported loan is available to any small or medium-size business registered and working in the Khabarovsk region. Under the scheme, borrower enterprises must have been operating for no less than one year, be current on taxes and other government payments, and be able to lodge collateral equal to at least 50% of the principal.

One of the country’s leaders on the small business financing market, Uniastrum remains committed to supporting Khabarovsk region’s entrepreneur community. In 2011, the Bank’s Khabarovsk branch expanded its SB credit portfolio 129%, meantime boosting its overall lending portfolio 54%. Results for last year show the branch disbursing over Rb 156.5 mn in small business loans, with local entrepreneurs demonstrating a marked preference for long-term credit issued under Uniastrum’s Smart Loan multi-program credit package.

“Most business owners in the region cite insufficient capital as the main obstacle preventing them from developing their operations,” notes Svetlana Chubakova, Uniastrum’s Vice President for Small Business Development. “One of our priority activities is ensuring that credit is more accessible to small enterprises. One particularly effective way of meeting this challenge is teaming up with regional small business assistance funds.”
Contact Information
Uniastrum Bank
Kseniya Chernisheva
0074957440404
Contact
www.uniastrum.ru
For more information call or write Press office:
press@uniastrum.com

Click here to view the list of recent Press Releases from Uniastrum Bank
Promote Your Business