OREANDA-NEWS. May 16, 2011. Sviaz-Bank has been named winner of the auction held by the Onega Network Company for an agreement on opening revolving lines of credit totaling 150 million rubles to the company, reported the press-centre of Sviaz-Bank.

The lines of credit will have a drawdown period of 12 months.

Vozrozhdenie Bank was another bidder in the auction.

Onega Network Company OJSC operates electric power lines in 13 districts of Karelia. The company’s core business is transmission and distribution of electric power to consumers.

In July 2010, the Bank gave 126.7 million rubles in loan to the company.