OREANDA-NEWS. April 20, 2010. TransCreditBank has won public tenders to provide revolving lines of credit totaling RUB 1.5 billion, with 1.5-3 year tenors, to two Russian telecom companies, North-West Telecom and Southern Telecommunications Company.

The funds are to be used for the companies’ investment programs.

TransCreditBank thereby continues to expand its cooperation with Russian corporations from a diverse range of industries, including such dynamically developing industries as telecommunications.

TransCreditBank’s involvement in the companies’ projects affirms its commitment to support strategically important industries in Russia, develop long-term relations with reliable partners, as further diversify its client base.

TransCreditBank’s loan portfolio totaled RUB 164.8 billion as at April 1, 2010, according to RAS unconsolidated data, including corporate portfolio of RUB 111.2 billion.