OREANDA-NEWS. May 06, 2009. OJSC Bank ZENIT, parent bank of Banking group ZENIT extended revolving credit facility to CJSC "Nizhneserginsky metalware-metallurgical plant" with limit up to EUR 43 million bearing the date of 31 January, 2011, reported the press-centre of Bank ZENIT.

Respective decision was taken in March, 2009. Funds will be used for replenishment of working capital of the plant.

Decision to extend credit to CJSC "NSMMP" was taken on the back of the plant's sound market position, its reputation of reliable borrower which was proved by long-standing partner relations between OJSC Bank ZENIT and the plant. This credit line is the second within the frame of OJSC Bank ZENIT and CJSC "NSMMP" business relations. The volume of lending totals to RUR3.1 billion.