OREANDA-NEWS. December 09, 2009. RosBusinessConsulting news agency released its ratings report based on 9M09 results, which showed Uniastrum Bank gaining a significant amount of ground in a number of rankings, thanks, first and foremost, to a sustained upward trend in business volumes, as well as to the progressive use of the Bank of Cyprus’s cutting-edge technologies, reported the press-centre of Uniastrum.

For over a year now, Uniastrum has firmly established itself as one of the country’s leading banks by retail deposit volumes, ranking 17th in Russia’s Top-20 as of October 1, 2009, by which time its retail deposit portfolio already topped Rb 32 bn – a y-o-y increase of 20%. In terms of its overall deposit portfolio, Uniastrum placed 39th, with combined retail and corporate deposits as of October 1, 2009 amounting to over Rb 42 bn.

Based on the size of its overall lending portfolio, which tipped the scales at over Rb 35 bn in 9M09, Uniastrum ranked 42nd. Specifically, in the case of retail loans, the lender secured itself a Top-30 spot with over Rb 16 bn in household credits. On the corporate side, the Bank took 47th place after crediting the business community with around Rb 19 bn. RBC’s ratings list shows Uniastrum to be one of Russia’s Top-50 banks, occupying the No.50 slot. As of October 1, 2009, the Bank’s net assets came to Rb 60.8 bn, or up 18% on the year-earlier result. Uniastrum was ranked 32nd by total liquid assets, which amounted to Rb 6.8 bn, i.e. almost double the prior-year showing, pushing up the Bank’s ranking for this metric a solid ten places.

“Like any business, our strategic task is to move ahead with expansion,” says Pavel Neumyvakin, Chairman of Uniastrum’s Management Board. “That the Bank is systematically improving its rating positions, as recorded by one of Russia’s leading ratings agencies, points to the fact that our chosen rollout focus is indeed the correct one and that we are on track to achieve our goals. It scarcely needs saying that, from the customer’s point of view, these latest ratings figures further underscore Uniastrum’s reputation for reliability, stability, and strong growth, as well as for being a bank to which people can entrust their money and look to the future with confidence.”