OREANDA-NEWS. April 18, 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, reported the press-centre of Uniastrum.

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.”

* The credited funds range from Rb 500,000 to Rb 50,000,000 or the USD/euro equivalent. Loans issued for enhancing working capital are repayable over a 5-year period; those for investment purposes over 8 years. Interest rates start from 13.5% APR for ruble-denominated loans, or range from 10.5% to 13% APR for dollar or euro-denominated loans.
Arrangement fees vary from 0.5% to 2% of the principal.

A fee amounting to 2% of the total debt outstanding is payable by borrowers opting for early settlement. In cases where the terms and conditions of the credit agreement oblige the borrower to insure his/her assets, the cost of the loan increases commensurate with the insurance premium paid to the company insuring said assets. In cases where no insurance policy is stipulated by the terms and conditions, the arrangement fee is raised by 1% of the principal loan amount. This information concerning CB Uniastrum Bank LLC’s small business finance programs correct as of April 10, 2012.

CB UNIASTRUM BANKLLC. CBR General Banking License No.2771