OREANDA-NEWS. October 13, 2009. In the first 9 months of 2009 the corporate lending portfolio at “Uniastrum Bank” exceeded RUR 28,6 bln. Main growth was seen in the 3rd quarter which accounted for 17%, reported the press-centre of Uniastrum Bank.

“Uniastrum Bank” is implementing its strategy of increasing corporate lending volume. Year to date the portfolio has increased by more than 31% and is now RUR 28,6 bln. (as of the 1st of January – RUR 21,8 bln.). Total amount of loans disbursed by “Uniastrum Bank” in the first 9 months of 2009 was RUR 29,1 bln., RUR 9,2 bln. of which were disbursed in the 3rd quarter.

In the 3rd quarter 2009 total amount of loans issued to large and medium business increased by 44% in comparison to the first half of the year and comprised RUR 7,7 bln. Total amount of loans disbursed to large and medium enterprises in the first 9 months of 2009 was RUR 17,6 bln. In the first half of 2009 the growth was given mainly to Moscow and Moscow region borrowers and in the third quarter 2009 the amount of loans disbursed in the regions was twice the amount of Moscow.

Experts from “Uniastrum Bank” explain the increase is due to two reasons: first, seasonal increase of business activity at the beginning of autumn and second, new offers introduced in the Bank. In August “Uniastrum Bank” launched a new product for large and medium enterprises “U-Super Prime” which is very popular with businessmen. The main distinctive feature of the loan “U-Super Prime” is its interest rate – form 13,7% p.a. for loans in rubles and from 10,7% p.a. - in foreign currency. No other banks offer such attractive interest rates. The loan amount is RUR 100 mln. and more or USD 3 mln. (or equivalent in Euro). Another competitive feature of the product is its terms – up to 10 years. Apart from production and investment goals it is also available to refinance loans with obtained with other banks. This offer is directed mainly to enterprises of local importance with a large number of employees and which are implementing social obligations.

“Such an increase of the lending portfolio is part of the Bank’s long-term strategy to growth the volume of business – says the CEO of the Bank Pavel Neumyvakin. Our actual lending products together with rather conservative credit policy will to improve financial result of the Bank and also to help our clients to support and develop their business”.