OREANDA-NEWS. July 16, 2010. Based on last year’s results, Uniastrum’s corporate credit portfolio expanded 65% to Rb 35.7 bn as of year-start 2010. The Bank’s portfolio of loans disbursed under its partnership program with Moscow City Small Business Assistance Fund reached Rb 158.4 mn as of June 1, 2009, more than tripling to over Rb 475 bn by June 1, 2010.

Uniastrum Bank became a Moscow Administration authorized bank in 2006, since when it has worked closely with the capital’s government on programs geared toward improving the life of the community by looking after savings and investing in the local economy. In 2010-2012 Uniastrum is looking to allocate around Rb 2 bn to City Hall partnership schemes.

Uniastrum collaborates with the Moscow Administration in 11 areas of activity, including a target program rendering support to Moscow-based SME, an integrated business program, charity work, assistance to higher education institutions, and participation in community programs organized by City Hall and district prefect’s offices. 

“It’s a big honor for us to receive such high praise for Uniastrum’s credit operations,” says Igor Apostolov, Director of the Bank’s Department for Cooperation with Government Agencies. “The three-fold upswing in our portfolio of loans disbursed as part of our partnership program with Moscow City Small Business Assistance Fund is testimony to the success of our working relationship with the city authorities.”