Uniastrum Bank’s Access Loan Rated Best Deal on Consumer Credit Market

Moscow, Russia, October 22, 2011 --(PR.com)-- Using its own credit calculator, Web portal Sravni.ru has compared the consumer lending programs offered by banks this October, employing the following criteria: type: emergency loan, amount: Rb 100,000, term: 12 months, locality: Moscow. The results show a Uniastrum loan to be the best deal around.

Since Uniastrum launched its Access program this August the number of applications for personal loans has doubled. As of October 1, the Bank’s consumer loan portfolio tipped the scales at Rb 3.2 bn.

Under the program, borrowers can take out a loan of up to Rb 600,000, repayable over a period of 3 years. The credited funds can be used for any purpose. Interest rates start at 10.50% APR and are calculated on a per-customer basis using risk-based pricing*. Along with the loan, borrowers automatically receive a Visa Electron card. Repayment is by fixed monthly installments, which can be made at any Uniastrum branch, via self-service kiosks, or using QIWI and Elecsnet payment terminals. For more details visit the official site of Uniastrum Bank.

“The name of the product tells you exactly what it offers,” says Vasily Kuznetsov, Deputy Chairman of Uniastrum’s Management Board. “An Access loan gives borrowers access to money for any purpose at a competitive interest rate calculated individually for each customer. Other notable benefits include a hassle-free application process and convenient payment options.”

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.

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