Penza, 29 September 2015. PenzaNews. The corporate loan portfolio of the Penza Bank Kuznetsky has grown by 29% up to 2.1 billion rubles as of September 1, 2015.

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Overall, the bank has provided 3.6 billion rubles of loans to enterprises and individuals since the beginning of this year.

“The clients of Bank Kuznetsky come from all fields of the regional economy. Over the eight months of 2015, 40% of all loan money was used to finance industry and power, gas and water distribution networks; 19% – to finance manufacturing industries; 17% – wholesale and retail sales; 14% – construction; 2% – real estate business, rental and services; 3% – agriculture; 5% – other purposes,” the press service of Bank Kuznetsky told PenzaNews agency.

The company also added that the bank provides equally convenient loan programs for all enterprises in the Penza region and offers help to companies in any field.

“Each client will be provided the most affordable and optimal loan plan tailored to its activities,” the press service pointed out, highlighting other features such as good interest rates, quick review time and options for those who want to pay their loans quicker.

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.