OREANDA-NEWS. April 10, 2012. In 2011 the office in Krasnodar region emerged as one of Uniastrum top SB financers, securing a leadership position among the Bank’s 43 regional branches for loans given out to small enterprise. In the reporting year the branch issued over Rb 640 mn in small business credits, expanding its SB-segment portfolio 88%, thanks primarily to growing demand for Uniastrum’s exclusive multi-program business development option Smart Loan.

By taking advantage of a Smart Loan, small business owners can access between Rb 500,000 and Rb 50,000,000 (or the dollar/euro equivalent), repayable over an 8-year period. Interest rates start at 13.5% APR for ruble-denominated loans or at 10.5% APR for those taken out in dollars or euros.* The arrangement fee is upward of 0.5%. In addition to the loan package’s easy terms and conditions, small enterprises also benefit from the support and advice provided by Uniastrum loan officers and specialists, who meet with borrowers to help ensure that the credited funds are used to their maximum efficiency with regard to the client’s projected objectives.

In 2011 the Krasnodar branch’s overall credit portfolio grew 14.5% to over Rb 3 bn as of year-start 2012. Meantime, its retail deposit portfolio expanded 40% to Rb 772.8 mn.

“The Krasnodar region shows wonderful potential for the growth of small enterprise,” says Svetlana Chubakova, Uniastrum Vice President for Small Business Development. “We are continuing to do all we can to support this trend, as was shown by the sizeable increase in the branch’s credit portfolio last year. Needless to say, we shall be aiming to further enhance our financing of the SB community in 2012.”