Penza, 20 May 2015. PenzaNews. The Penza Bank Kuznetsky reduced its interest rate for “Kuznetsky Standard Plus” loans.

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The interest rate was brought down to 22.9% annual for up to 12 months of the loan, the press service of the bank informed PenzaNews agency.

“The interest is set at 29.9% for 12-36 months, and 31.9% for 36-60 months, for up to 2 million rubles,” the press service clarified.

According to Mikhail Dralin, Bank Kuznetsky board chairman, individual loans are among the most demanded services of the bank.

“Now is the great time for those who plan for a vacation, capital repairs or long-term purchases to follow up on their dreams,” he stressed.

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.