Penza, 6 May 2015. PenzaNews. Penza Bank Kuznetsky launched a new lending program for legal entities – “Real Offer.”

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The companies will now be able to obtain a loan to replenish their floating asserts, finance commercial transactions, acquire fixed assets or use the money for other purposes.

The “Real Offer” plan provides a long lending term of up to 3 years, and has no fixed interest rate, which makes it possible to respond quickly to changes in the economy.

The base interest is pegged against the key interest rate of the Bank of Russia plus 5 percentage points: for example, the loan interest will be set at 17.5% with the country-wide key rate of 12.5%. If the key rate decreases, then the loan rate will decrease correspondingly.

Moreover, the lending program provides a six-month opportunity during which the lender will only pay the interest. The loan can be provided for up to 15 million rubles, and requires a bail pledge.

“Working with SMEs is one of the key aims of Bank Kuznetsky. During the development of the new project, we tried to create the best conditions for business lending with floating interest rates, because the funding is a priority for businessmen that requires a quick solution under any market situation,” Mikhail Dralin, Bank Kuznetsky board chairman, commented for PenzaNews agency.

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.