Bank Moskvy AKB OAO (P) : The Bank of Moscow extended a credit to Ruza municipal district of the Moscow region

The Bank of Moscow extended a credit to Ruza municipal district of the Moscow region

Published 28.01.14

Within the framework of cooperation development strategy with the Moscow region the Bank of Moscow actively takes part in open tenders for the right to credit municipal entities of the Moscow region. Thus, the Bank was chosen as the winner in the tender for financing in the form of extending a credit line to Ruza municipal district to cover budget deficit and repay municipal indebtedness. The amount of credit is 145 million rubles.

Earlier, in 2012, the Bank of Moscow had already signed a credit agreement with the Administration of Ruza municipal district of the Moscow region for the amount of 75 million rubles.

To sum up the results of Moscow region municipal entities financing by the Bank, it should be noted that in 2013 the Bank of Moscow won 27 tenders for the right to finance towns and districts of the Moscow region for the total amount of 1.75 billion rubles.

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