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Penza region government, Bank Kuznetsky agree to cooperate

16:02 | 08.10.2015 | Economy

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Penza, 8 October 2015. PenzaNews. The Penza region government and Bank Kuznetsky have signed a cooperation agreement on Thursday, October 8.

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The signatories were the governor Ivan Belozertsev and the bank’s board chairman Mikhail Dralin.

The agreement defines the scope of cooperation between the Penza region authorities and Bank Kuznetsky on funding high-priority investment projects and providing affordable loans to residents of “Otvel,” “Serdobsky” and “Davydov” industrial parks, as well as “Rameev” and “Yablochkov” technoparks.

“I believe our cooperation will keep on growing. Our objective is to create most comfortable conditions for development of small and medium enterprises, industry, agriculture. To do that, the actors of economy need affordable loan money. Let us work on that together,” Ivan Belozertsev said.

The bank plans to provide its loans under the dedicated plan “Business Development” that would allow organizations to get loans to refill their own assets or buy or upgrade main assets. The main features of the offer are low interest rate, long loan term (up to 5 years) and an in-advance payback option.

According to Bank Kuznetsky board chairman Mikhail Dralin, the signature was signed thanks to successful years-long history of cooperation between the bank and the Penza region government.

“We want the region to be proud of its businessmen, for new brands to appear, famous both in Russia and abroad,” he pointed out.

Moreover, the parties also discussed potential cooperation in economy and finances.

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.

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