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Bank Kuznetsky issued over 4.4 billion business credits in 2014

14:59 | 17.02.2015 | Economy

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Penza, 17 February 2015. PenzaNews. Bank Kuznetsky has issued over 4.4 billion rubles of business loans throughout 2014.

Bank Kuznetsky issued over 4.4 billion business credits in 2014

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The legal entities could enjoy such offers as “Business – Basic,” “Business – Bidding,” “Business – Standard,” “Business – Overdraft” and “Business – Co-signer” that fully encompass the demands of the regional businesses.

A sound interest rate policy not only helped the financial institution preserve its clientele during the tough period of 2014, but even allowed to expand the lists, the press service of Bank Kuznetsky informed PenzaNews agency.

“The clients of Bank Kuznetsky come from every economy area of the region. In particular, 32% of all credit funds were provided to manufacturing and processing industry companies, 24% of our loan book can be credited to wholesale and retail companies, 23% of our loan amounts accounted for building industry, 6% was provided to rental and housing service businesses, 3% to agricultural companies, and 6% to entities that produce or distribute energy, natural gas and drinking water. Companies from other industrial categories contributed another 6%,” the bank clarified.

The press service also added ht continues to form effective SME support measures in the Penza region following the agreements with several financial foundations.

According to Mikhail Dralin, Bank Kuznetsky board chairman, one of the main missions of his company is to provide assistance to various enterprises regardless of their work area.

“We are constantly improving our banking offers for business and actively participating in the state SME support programs but providing our clients with high-quality affordable financial tools that help hem develop,” he said.

In this year, Bank Kuznetsky plans to expand business loan by setting up a variable demand plan, improving service quality, and active improvement of existing services together with new ones, Mikhail Dralin added.

“Bank Kuznetsky is a trusted and responsible partner for a Penza business,” he concluded.

Bank Kuznetsky was founded as a limited liability company and registered by the Bank of Russia on October 26, 1990, under No. 609. On January 19, 2012, it was transformed into OJSC Bank Kuznetsky.

On January 14, 2005, OJSC Bank Kuznetsky was included into the register of banks that are included in the compulsory deposit insurance system under No. 428. In July 2014, AK&M rating agency confirmed the bank credit rating at “B++” on the national scale with a “stable” outlook. 

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