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Bank Kuznetsky lowers legal entity loan interest rates

16:41 | 23.04.2015 | Economy

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Penza, 23 April 2015. PenzaNews. The Penza Bank Kuznetsky has lowered the interest rates for loans provided to businesses.

Bank Kuznetsky lowers legal entity loan interest rates

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The company has changed offers for legal entity and business loan plans “Business-Overdraft,” “Business-Standard,” “Business-Basics,” “Business-Bondman,” and “Business-Tender.”

For example, a “Business-Basics” loan is now offered at up to 21% annual interest for up to 60 months, while “Business-Standard” interest rate is now available with the base interest rate of 22%.

The clients can also obtain a “Business-Bondman” loan at as low as 18% interest rate, or “Business-Overdraft” at up to 19%.

The basic rate for “Business-Tender” loan offer is set at 17.5%.

“Supporting small and medium enterprises in the Penza region is a priority for Bank Kuznetsky. We are paying great attention to create complex solutions for business development, including business financing. We are offering our clients optimal loan provision conditions, accessible interest rates and competitive advantages,” Bank Kuznetsky board chairman Mikhail Dralin commented for PenzaNews agency.

The current line of credit products has solutions for any and all tasks of small and medium enterprises, he stressed.

“By lowering interest rates, we are willing to show our readiness to support the priority areas of business development in our city. Bank Kuznetsky is a reliable financial partner for a city business,” the speaker added.

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.

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