OREANDA-NEWS. August 20, 2010. Sviaz-Bank has been declared winner in a public auction held to select financial institutions for providing financial services to Vladimir Utility Systems OJSC by making a loan of 300 million rubles to the company, reported the press-centre of Sviaz-Bank.

The Bank will open three revolving credit lines 100 million rubles each, with a drawdown period of 19 months, to finance the company’s operations.

Sberbank of Russia and the Moscow Industrial Bank, a commercial joint-stock bank, were the other bidders in the auction.

Vladimir Utility Systems OJSC is part of the regional structure of Russian Utility Systems OJSC, the biggest private federal company in the utility industry.