OREANDA-NEWS. October 28, 2011. The Bank of Moscow has raised the credit limit for LLC PKF STROYBETON to RUR 1.4 bln for replenishment of its circulating assets and acquisition of fixed assets, in particular for the borrower to discharge its obligations under construction contractor agreements.

Within the scope of the raised limit, the first tranche has been extended in a sum of RUR 260 mln, maturing on 17 October 2014.

"We have been actively co-operating with the plant since 2005, during which time the borrower has duly serviced 17 loans", commented Irina Nikitenko, Vice-President of the Bank of Moscow. "The raised credit limit provides our client with additional business opportunities, while the Bank, in turn, confirms its status as a responsible financial partner for the real sector of the economy".

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LLC PKF STROYBETON is one of Russia’s biggest manufacturers of commercial concrete and mortar. The enterprise’s sphere of business embraces 65% of the North West Federal Area, the Moscow Region and up to 80% of the Yaroslavl and Tver Regions. Housing and commercial construction constitutes a promising business sphere of LLC PKF STROYBETON.