OREANDA-NEWS. March 31, 2010. Sviaz-Bank has come out on top in a public auction held for the right to make loans in the form of a non-revolving credit line of 1 billion rubles for the needs of MRSK Center and Volga OJSC.

Each tranche of the credit line has a drawdown time of at least 36 months.

Alfa-Bank OJSC, Nordea Bank OJSC, Barclayвs Bank LLC, TransCreditBank OJSC, Metallinvestbank Commercial Bank (OJSC), and Globexbank CJSC were the other bidders in the auction.

Sviaz-Bank is an all-purpose lending and financial institution maintaining its presence in 50 members of the Russian Federation. The Bank’s regional network comprises its Head Office in Moscow, 49 branches, and 149 backup offices and mini-branches, 119 of them operating from post offices.

State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)", which is a state-controlled corporation, is Sviaz-Bank’s majority owner holding 99.4666% of the Bank’s shares of stock.

Sviaz-Bank’s key business areas are providing banking services to corporate entities and individuals, managing debt financing, and conducting international business such as trading in international financial markets, commercial and structural funding, and borrowing from international lenders.