OREANDA-NEWS  On 17 October was announced, that two banks - JSC PROBUSINESSBANK Joint-Stock Commercial Bank and JSC ROSBANK Joint-Stock Commercial bank - take part in an open competition (that IDGC of Centre declared in September, 2007) for execution of financial services on delivery of a bank guarantee. After the applications have been assessed and compared, IDGC chose PROBUSINESSBANK Joint-Stock Commercial Bank, that offered to IDGC more favourable conditions. The sum of the bank guarantee is 419,000,000 roubles.  The commission for delivery of the bank guarantee will not exceed 1.75 % per year. The validity period of the bank guarantee: from 21.11.2008 to 18.11.2011.

With the help of the bank guarantee the company plans to continue proper support of execution of its obligations to the Department of Finance and Budgetary Policy of the Belgorod Region on repayment of  budgetary credit given to JSC Belgorodenergo in November, 2006.

Bank guarantee - one of the ways of the company's obligations execution support, when the bank undertakes an obligation to pay for the company a fixed sum of money.