Penza, 19 November 2015. PenzaNews. Legal entities and individual businessmen are now able to obtain bank guarantees with Bank Kuznetsky to perform their functions faster and more efficiently.

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“Together with our partner banks, we are offering bank guarantees on already signed agreements, including state agreements, municipal agreements, on advance payment refunds, and on tenders. You can also obtain bank guarantees on export and import contracts with tax and customs offices,” Bank Kuznetsky board chairman Mikhail Dralin commented for PenzaNews agency.

Bank guarantees are provided for up to 25 million rubles and for as much as 18 months, he pointed out.

“Bank guarantees allow companies to enlist the assistance of a bank as a guarantor with a new partner and expand their list of contractors,” Mikhail Dralin noted.

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.