OREANDA-NEWS. September 23, 2011. Sviaz-Bank and Krasnodar Territory’s Administration entered into an agreement on cooperation within the framework of the Tenth Sochi 2011 International Investment Forum. Denis Nozdrachev, the Bank’s President-Management Board Chairman, signed the document on behalf of Sviaz-Bank, reported the press-centre of Sviaz-Bank.

The agreement is aimed at developing long-term cooperation in providing funds on loan to finance Krasnodar Territory’s economy, promoting the banking sector, and expanding the range of banking products on the territory’s financial market until 2015.

Under the terms of the agreement, the signatories intend to cooperate in raising finance for investment programs and projects designed to advance the region’s socioeconomic development. The parties’ priorities include issuing loans to businesses in Krasnodar Territory, including loans for investment projects, lending to small and medium-size businesses, and mortgages.

The Bank’s developed regional network of six offices in Krasnodar Territory’s cities of Krasnodar, Korenovsk, Sochi, and Adler will help maintain the parties’ involvement in social and investment programs at a high level.