OREANDA-NEWS. May 31, 2010. Sviaz-Bank has been named winner in one of the three lots of a public auction held by Yaroslavl Region’s Finance Department for a government-level contract to provide 550 million rubles in a line of credit to be available for 24 months, reported the press-centre of Sviaz-Bank.

The borrowed funds will be used for purposes authorized by the region’s budget laws.

Other bidders in the auction included the Rossiya Commercial Bank (OJSC), Sarovbusinessbank Commercial Bank (OJSC), Nizhegorodpromstroybank CJSC, Bank VTB OJSC, the Bank of Moscow OJSC, Sberbank of Russia OJSC, and Vozrozhdeniye Bank OJSC.