VISA International payment system awarded Uniastrum Bank a certificate for achievements in implementation of VISA cards management programs.

In September 2008 UNIASTRUM BANK issued the 500-thousandth VISA card. One can order in UNIASTRUM BANK a plastic card of any category. Maximum loan amount constitutes RUR 1 mln., and to document a loan not exceeding RUR 150 thousand, no income confirmation is required. UNIASTRUM BANK started to issue bank cards in January 2003. At the same time an ATM network started to be developed. Today over 660 ATMs of UNIASTRUM BANK are installed in the whole of Russia. From January to September 2008 the turnovers via card accounts of UNIASTRUM BANK constituted about RUR 20 bln., which is by 14% higher than the same parameter for 2007. Balances of the client own funds on card accounts constitute as of 01.09.2009 over RUR 2 bln., volume of credit limits – about RUR 1.4 bln., and the loan portfolio - RUR 509 mln.

UNIASTRUM BANK offers to its customers a wide range of credit cards, and two new cards: Visa U-Pay and Visa U-Safe. Each of the new products has its own peculiarities. For the Visa U-Pay cards the bank offers a low credit interest rate, it is convenient for those who use borrowed funds actively when paying for goods and services via the card. For Visa U-Safe cards the bank offers higher interest accruals on the client’s own funds, a lower card service fee and a lower fee for cash withdrawals.

“The credit card for the bank is a tool to lend to its clients securing the biggest yield as compared to other retail lending tools, the Chairman of the Management Board of UNIASTRUM BANK Pavel Neumyvakin stated. A high earning capacity of credit cards is conditioned by the fact that this product enables us to get not only interest income from lending operations, but also commission income from transactions performed with the use of bank cards. Motivating the clients to increase turnovers of credit funds on the card account, the bank raises its commission income which eventually can significantly exceed the interest income from lending operations”.

For additional information
please contact Ms. Olga Kurganova,
tel. +7 (495) 783 58 10 ext. 1066
kurganova@uniastrum.com