Penza, 9 April 2013. PenzaNews. Penza Bank Kuznetsky developed the line of credit products for small and medium business, making conditions more flexible and convenient.

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“As a part of credit programs “Business Standard,” “Business Overdraft” and “Business Express” the maximum loan amount has been increased from 1,700 thousand to 2 million rubles, and the minimum amount remains the same — 100 thousand rubles,” the chairman of the Board of Bank Kuznetsky Mikhail Dralin told news agency “PenzaNews.”

He noted that according to the new conditions, “Business Express” loan is provided for up to 36 months, and the base interest rate starts at 21%.

“Business Standard” allows receiving loans for up to 36 months at a base interest rate of 16,5%. As for the basic interest rate of “Business Overdraft,” it is 12%,” the agency interlocutor commented.

According to Mikhail Dralin, the bank also launched a new program “Business – fixed assets” which allows obtaining a loan for a new or used vehicle, equipment or real estate.

“The loan is provided as a non-cash bank transfer to the bank account of the client for the period of up to 60 months. The minimum loan amount is 100 thousand rubles, and the maximum amount can be up to 100% of the market value of the acquired assets, the amount of initial installment is at least 30%. The interest rate starts at 14%,” the chairman of the Board of Bank Kuznetsky Mikhail Dralin told news agency “PenzaNews.”

Bank Kuznetsky was established as a limited liability company and registered under number 609 on October 26, 1990. On January 19, 2012 it was transformed into OJSC Bank Kuznetsky.

OJSC Bank Kuznetsky was included in the list of banks-participants of the system of obligatory deposit insurance under registration number 428 on January 14, 2005. In July 2012, the leading independent national rating agency “Analysis, consultations and marketing” confirmed the bank rating “B ++” with stable prospects.