OREANDA-NEWS. September 07, 2011. Sviaz-Bank has been named winner in an auction held for the right to make a loan to Krasnodar International Airport OJSC. The Bank will open a credit line of 970 million rubles to the company for a term of five years. The company will use the borrowed funds to refinance its debts and increase its working capital, reported the press-centre of Sviaz-Bank.

Krasnodar International Airport OJSC is a member of Basel Aero Group. Krasnodar (Pashkovsky) International Airport is a major airport in Russia’s south and the main air harbor of Krasnodar Territory. It can handle 700 passengers an hour.

Basel Aero Company is Sviaz-Bank’s strategic partner. Previously, the Bank opened a credit line to Sochi International Airport OJSC, another member of Basel Aero Group.