Uniastrum Bank Extends Special Deposit Promo for Loyal Customers

Moscow, Russia, March 07, 2012 --(PR.com)-- Uniastrum customers continue to show a marked preference for the Bank’s Big Interest program, which allows them to deposit funds of Rb 50,000-Rb 100 mn or the dollar/euro equivalent for up to one year. For ruble depositors, Big Interest offers a maximum return of 11% APR, and 5.75% APR for customers with foreign currency accounts. One of Big Interest’s more conspicuous benefits is that it guarantees a return even if the account holder opts to close his or her account early, in which case the amount of interest accrued is calculated using a rate dependent on the actual deposit period.

Figures released by RosBusinessConsulting news agency show that as of January 1, 2012, Uniastrum is Russia’s 33rd biggest bank by retail deposit volume, up two places on the prior-year result. In 2011 the Bank’s retail time deposit portfolio expanded 27.5% to Rb 32.4 bn as of year-start 2012. Meantime, the number of customers choosing to deposit their funds with Uniastrum grew 16.7%. Equally encouraging is the fact that the vast majority of depositors remain with the Bank once their initial deposit agreement expires, opting to extend their agreement or transfer their money to another account. Last year more than 90% renewed their deposits, which testifies to the high level of public confidence in Uniastrum.

“The impressive number of deposit renewals that we achieved in 2011 says much about our customers’ confidence and is the best testimonial that we could wish for,” says Vasily Kuznetsov, Deputy Chairman of Uniastrum’s Management Board. “We value our customers’ loyalty and invite them to deposit their funds with us for even better returns.”

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