"Bank of Cyprus" has found a beneficial interest

Investing in Russia's structure is more than justified expectations. Visited Moscow, Managing Director of Bank of Cyprus "Janis Cyprus, who took part in workshops Uniastrum Bank. Russian lender was bought foreign investors two years ago. Since Uniastrum is part of the Cyprus bank. Meeting of bankers with journalists was held at the new office at the Komsomolsk avenue of the capital, where Uniastrum has opened its first flagship branch. Its basic difference from other offices is the brightness and comfort. Janis Cyprus and his Russian colleagues summarized the results of a two-year collaboration sitting behind places ordinary clerks who are working every day with visitors to the bank. President UNIASTRUM Gagik Zakarian said that the last time the Bank of Cyprus has invested in the Russian economy $ 700 million that went to buy UNIASTRUM and increase its capital. All this occurred against the backdrop of the 2008 financial crisis. At that time, the Cypriot partners, in contrast to Russian banks are not asked the local government or one euro to support the company - managed by their own opportunities, even for a day without stopping to pay cash income to many customers. President of the Association of Russian Banks, Garegin Tosunyan thanked the Cypriot friends for their support of the Russian bank: "I hope that this marriage UNIASTRUM" and "Bank of Cyprus' would benefit all customers. We are delighted at the Internationale. Despite the fact that earlier Tosunyan opposed dominance of foreign investors in the domestic banking market, now it has corrected its position by inviting foreign colleagues to conduct a general bankizatsiyu Russia. While the domestic market there is approximately 30% of foreign capital. But with the entry into the WTO, this volume could rise to about 60%. It does not threaten the banking sector - said Tosunyan. In the next five years UNIASTRUM plans to get into the top five leaders of the national bank (while it is only a 30-ku). To this end, according to chairman Eugene Tutkevicha, taken a lot of effort. Bank, contrary to the trend, raised deposit rates to 9% per annum. And offer customers innovative product «U-balance», the essence of which combine several loans into one. For example, the borrower, there are several debt, each of which requires payment of 28%, 30%, 32%. Bank restructuring them, turning them into one with a value of 18,9% or 21,9% per annum. In this case, there may be a three-month vacation. During the month the service has managed to use 6.5 thousand customers requesting to refinance 0.8 billion rubles. Journalists have asked Janis Cyprus on what rates exist in the parent bank. Those little shy, did not give specific figures but said that in his country they are certainly lower, but together with them, and lower earnings on deposits. The head of Bank of Cyprus, "declared the possibility of selling 20-30% of the shares UNIASTRUM" in 2014-2016, respectively. This will happen on the Russian sites as soon as a suitable situation. But from the Russian branch of Bank of Cyprus does not intend to get rid of completely. Our bank gives 12% return the entire group of owners. "We are happy to work on the Russian market and look forward to continued success here. We will stay here very, very, very long time, "- said Mr. Cyprus.