OREANDA-NEWS. July 23, 2010. Sviaz-Bank has won two lots in a public auction held for the right to lend funds for the needs of Lenenergo OJSC in the form of two nonrevolving lines of credit totaling 1.5billion rubles for five and four years, respectively, reported the press-centre of Sviaz-Bank.

Bank Sankt-Peterburg OJSC, Northwestern Bank of Sberbank of Russia, and Bank VTB Northwest OJSC were the other bidders in the auction.

Lenenergo OJSC is one of the biggest distribution networks in Russia, and is among the Bank’s major customers with a favorable credit history.

The Bank continues to develop relations of partnership with businesses in power generation and other industries of the economy.