Penza, 21 September 2015. PenzaNews. The Penza Bank Kuznetsky has transformed from an open joint stock company into a public joint stock company (PJSC).

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“These changes are related to the amendments for the bank’s charter and title as required by the federal law No. 99-FZ, dated May 5 2014, ‘On Introduction of Changes to Article 4, Part 1, of the Civil Codex of the Russian Federation on Invalidation of Certain Points of RF Legal Decrees.’ These changes do not affect the rights and obligation of the bank to its clients and counteragents, nor do they change the client service procedures,” the press service of Bank Kuznetsky commented for PenzaNews agency.

According to them, the new full name of the bank is “Open Joint Stock Company Bank Kuznetsky,” abbreviated to OJSC Bank Kuznetsky.

“We would like to point out for our clients that the transformation into an OJSC is the only change. Our VAT, RCBIC and correspondent account numbers remain the same,” the press service stressed.

Bank Kuznetsky was founded as a limited liability company and registered by the Bank of Russia on October 26, 1990, under No. 609. It was transformed into an OJSC on January 19, 2012, and into a PJSC on September 17, 2015.

On January 14, 2005, Bank Kuznetsky was included into the register of banks that are enrolled in the compulsory deposit insurance system under No. 428. In July 2015, AK&M rating agency confirmed the bank credit rating at “B++” on the national scale with a “stable” outlook.