Uniastrum Bank Offers New Card Services

MOSCOW, RUSSIA, January 20, 2011 (Press-News.org) Safe in the knowledge that if the insured event occurs the outstanding balance owed to the Bank will be paid by the insurer. Uniastrum Bank is offering cardholders with planned overdrafts voluntary life, health and accident insurance, as well as a wider program including unemployment cover. For some years now Uniastrum has operated a special insurance scheme for cardholders travelling abroad. The insurance programs are open to all new and existing cardholders and can be obtained at any Uniastrum branch nationwide.

The voluntary insurance programs are designed to protect Uniastrum cardholders with pre-agreed overdraft facilities. By signing up to an insurance policy, a customer can avoid loan repayment difficulties that could arise as a result of job loss or critical illness, simultaneously saving friends and relatives acting as loan guarantors the trouble of having to deal with the potential problems involved in debt settlement procedures and legal proceedings.

"We remain committed to our policy of offering customers new products and services. Insurance is a product that gives borrowers peace of mind and makes for a stronger bank-client relationship," says Oleg Shvetsov, First Deputy Chairman of Uniastrum's Management Board. "To my mind, the voluntary insurance programs are a welcome addition to our product mix, particularly for customers who place special emphasis on practicality and convenience and who are looking to stay with Uniastrum for a long time."

CB UNIASTRUM BANK LLC was established in 1994. Uniastrum is a universal lending institution offering a comprehensive range of financial products and services, with particular focus given to the retail sector and small and medium-sized businesses. Uniastrum is one of Russia's Top-30 systemically important banks, as ranked by the Central Bank of the Russian Federation, and places among the country's Top-20 based on the size of its branch network. It is Russia's 44th largest bank by asset size, 37st by loan portfolio volume, 32th by overall retail deposits, and 13th by total auto loans. In 2003-2007 it was the 14th biggest dynamic-growth bank, according to ratings released by RosBusinessConsulting news agency. Uniastrum's financial statement for October 1, 2010 showed the Bank's total assets at Rb 134 bn, with equity capital amounting to Rb 8.99 bn. Uniastrum Bank is a deposit insurance scheme participant. On May 31, 2010 Moody's Investors Service affirmed the Bank's long-term global foreign and local currency deposit rating at Ba2 with a stable outlook, while Moody's Interfax Rating Agency affirmed its national scale rating at Aa2.ru. Uniastrum's regional network currently numbers around 220 offices (including 43 branches) in 48 Russian regions. Since October 31, 2008 Uniastrum Bank has been a member of the Bank of Cyprus Group.

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