OREANDA-NEWS. February 18, 2010. As of February 1, 2010 the Moscow Small Enterprise Assistance Fund provided additional security on existing loan agreements with Uniastrum Bank totaling over Rb 450 mn. The Bank was the Fund’s fourth biggest creditor, accounting for 7.46% of the overall Fund portfolio.

Uniastrum concluded a total 98 loan agreements guaranteed by the Moscow Small Enterprise Fund, 25 of which have already been repaid in full, the other 73 remaining active. Overall, the Fund provided guarantees amounting to over Rb 712 mn, Rb 262 mn falling to loans that have already been fully discharged. Use of the available subsidy limit totaled 6.88%.

According to Igor Apostolov, director of Uniastrum’s Department for Cooperation with Government Agencies, the Bank remains as keen as ever to team up with organizations committed to supporting small business. “We are fully aware of the difficulties enterprises face and their need for focused lending solutions,” he says. “Last year was a particularly good year for us as far as the small business segment is concerned, and we intend to continue devising and providing new ways for SB borrowers to access loans on easy terms. Our partnership with the Moscow Small Enterprise Assistance Fund is already a well established part of Uniastrum’s SB activities.”