Uniastrum ranked 17th among the largest mortgage banks in Russia.
Moscow, 16 February 2006 –Russian Uniastrum bank powers ahead in RosBusinessConsulting mortgage ranking.
Uniastrum Bank positions itself very strongly in Russian residential mortgages market in 2005.
According to RosBusinessConsulting rating Uniastrum is ranked 17th among the largest Russian banks in terms of mortgage portfolio (total number of mortgage banks in Russia is more than 100). The average growth rate in terms of the volume of loans issued is 35% per month. In 2006 Uniastrum is planning to increase it to 40-45% by broadening its branch network and use of modern scoring techniques.
The efficient credit policy allowed Uniastrum to engage new clients within other banking programs.
Car loan activities also increased - the total volume of car loans exceeded US$65 Million in February 2006.
Uniastrum issued over 79 000 credit and debit cards, and the number of clients continues to grow rapidly.
Attractive loan facilities and increasingly high standards of the services we provide, as well as generally favorable market environment, make me believe in the continued success of our retail banking business- said Uniastrum Chairman George Piskov.
Gagik Zakarian, Uniastrum President adds ‘we believe residential mortgages is very promising business. Every person wants to build its own house or buy an apartment.’
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