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Tuesday, November 21, 2017

B&N Bank launches new consumer credit campaign

B&N Bank, one of Russia's largest commercial banks, is launching a new campaign offering a fixed 20 percent interest rate on consumer credit to mark the bank's 20th anniversary.

As part of the "Just 20%" campaign, the bank guarantees that the interest rate will not increase and that there are no hidden fees and charges, Julia Tuzovskiy, B&N's head of credit products, said.

In addition, customers can reduce the interest rate to 19 percent per annum by enrolling in the bank's credit protection insurance program.

Credit of between $915 and $30,500 will be extended for a period of six months to five years

Customers can apply for the loan in all of the bank's Moscow and regional offices, and a decision will be made within four business days.

B&N Bank offers a wide range of corporate banking services, including lending to large corporate clients and SME lending, payment and account services, international settlements, trade finance and ECA-backed finance, payroll services and leasing, as well as retail banking services, such as deposits, credit and debit card and overdraft facilities, and financial markets activities.

The major shareholder of B&N Bank is its president, Mikail Shishkhanov, who owns 97.6 percent of the shares.