OREANDA-NEWS. December 01, 2010. Sviaz-Bank’s Ufa branch entered into a general agreement with the Finance Ministry of the Republic of Bashkortostan under which the Bank’s branch will tender, along with other bidders, for the right to accept the republic’s budget funds in bank deposits, reported the press-centre of Sviaz-Bank.

Financial and credit stability and reliability of a lending institution will be the principal criterion for selection to be made among banks, as will be confirmed by compliance with the requirements to be met, including a longstanding credit rating of at least BB- and lack of arrears on bank deposits previously accepted from the budget, for example.