Penza, 17 March 2015. PenzaNews. The Penza regional Bank Kuznetsky opened a Kazakhstani tenge corresponding account in Halyk Bank to improve external trade relations.

© PenzaNewsBuy the photo

This step is expected to help businesses dealing with partners in Kazakhstan to conduct quick and issue-free reciprocal payments on external trade contracts.

“Our mission in Kazakhstan is to strengthen trade relations and improve the economy potential of the Penza region in contacts with the Republic through mutual cooperation,” Mikhail Dralin, board chairman of Bank Kuznetsky, commented for PenzaNews agency.

He also expressed hope that development of partnership between businessmen in the Penza region and Kazakhstan will boost production and work for the benefit of the region.

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 enrolled 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.