The car loan portfolio of UNIASTRUM BANK exceeded RUR 6 bln. by the 2009 Motherland Defender’s day

In 2008 UNIASTRUM BANK issued loans to the total amount exceeding RUR 5.8 bln. The car loan portfolio volume as of 01.01.2009 increased by 34% as compared to the same parameter in the previous year. According to the RBC agency data, UNIASTRUM BANK was included in the Russian top-20 list in the amount of granted car loans in 2008.

On February 20, 2009, the car loan portfolio exceeded RUR 6 bln.

UNIASTRUM BANK offers to its clients a wide range of lending programs to purchase vehicles meant for borrowers with different levels of income and needs. In the bank’s product line the U-Auto Region program is very popular which implies a possibility of purchase in Moscow of cars on credit by the inhabitants of the Bank’s regions of presence. The clients also widely use the program U Auto Free under which mandatory insurance is not required. For the employees of the partner companies UNIASTRUM BANK developed a special credit program with the most profitable conditions U-Auto Corp.

UNIASTRUM BANK offers car loans up to RUR 4,000,000, with a period of up to 60 months and a down payment from 25%. The auto lending interest rate varies depending on the type of the lending program, period and amount of the down payment, from 14% to 23% in RUR. Lending in USD is also possible, with the interest rate lower by 3 to 4% p.p.

For a successful development of this business the Bank is constantly updating its programs proceeding from the auto lending market situation.

“Auto lending is one of the priorities of UNIASTRUM BANK, Deputy CEO Vadim Gavrilov states. At present we are implementing new programs aimed at a significant increase in sales. In 2009 we are planning to increase our auto lending loan portfolio by 50%, to be in the Russian top-15 list in the portfolio amount and even in the top-5 list in a number of regions. For that the Bank has sufficient resources, technologies and a good team. Our competitive advantages in the retail lending are as follows: speed, wide distribution network and a high quality of client service.

For extra information please contact
Ms. Olga Kurganova, 783 58 10 ext. 1066
kurganova@uniastrum.com