OREANDA-NEWS. November 18, 2011. The Bank of Moscow made a decision to grant loan facilities to Investstroy-15 CJSC for the overall amount of RUR 1.1 bln, with the loan term expiring on 31.12.2013 to construct the Yuzhny Health and Recreation Resort located at: Krasnodar Region, the town of Anapa, Pionersky pr., 21.

The Bank granted 2 trenches for RUR 400 mln in total within the framework of the loan agreement.

In October 2011 the Bank made an agreement with Investstroy-15 CJSC on the provision of loan for RUR 1.2 bln until 30.09.2013 to construct the Yunga Health and Recreation Resort located at: Krasnodar Region, the town of Anapa, Pionersky pr., 53.

Previously the Bank of Moscow granted the loan facilities to the Investstroy-15 CJSC group of companies in the amount of RUR 8.9 bln. The purpose of lending is to implement the state contracts, the customer whereunder is the Ministry of Defense of the Russian Federation, to construct residential facilities for the service members in Krasnodar, Stavropol, Korenovsk (Krasnodar Region), Pushkino and Lenino (Leningrad Region), Krasnoznamensk (Moscow Region), Akhtubinsk (Astrakhan Region) and Moscow.

"We have been cooperating with the company since 2008 as far as lending is concerned, and the borrower has served and repaid the loans for RUR 2.64 bln in a good manner over this period, — Igor Dubonosov, Head of the Corporate Business Department of the Bank of Moscow, commented. — The development of cooperation will provide our client with the additional business opportunities, and the Bank, in its turn, confirms the status of a responsible partner supporting the state order funding".