OREANDA-NEWS. April 05, 2011. By 31 December 2010 the total credit portfolio of “Unibank” amounted 212.6 million USD thus having increased by 119% for the last three years. The growth of the credit portfolio was mainly conditioned with considerable development of business crediting. The portfolio of credits to large-scale business from 2008 to 2010 increased by 109% and the credit portfolio of small and medium business – by 131%, reported the press-centre of Unibank.

Assistance to business is one of the prerogative directions in the credit policy of “Unibank”. Proceeding from the specificity of of the business direction, size and financial position of copmanies, clients are offered co-operation conditions most convenient for the activity sphere.

For example, for small business the Bank has developed a credit product stipulating non-obligatory coverage where guarantee from a physical or juridical person is enough. For making timely payments in case of lack of finances as well as for increasing turnover means the Bank offers business verdrafts. Overdrafts are granted in AMD at 18-20% annual interest rate. The minimum interest rate – 18% - is stipulated for the clents of “Unibank”. Interest is accrued only to the used part of overdraft so that a debtor would not pay interest for a credit out of use while money is transferred to his account.

We would like to remind that “Unibank” allows pre-term repayment of a credit without any limitation or fines.