OREANDA-NEWS. November 30, 2011. The Bank of Moscow has extended a loan to OJSC Elektronnaya Moskva within the scope of an agreement with a credit limit of RUR 270 mln. The loan is worth RUR 100 mln and matures on 23 February 2012.

The financing is for fulfilment of a state contract for performance of work to modernize the infrastructure of general educational institutions in Moscow and provide a generally available telecommunications environment.

The Bank of Moscow has considerable experience of working with the city, takes part in various economic, financial and social projects — support for the Moscow road transport infrastructure, housing and utilities sector, issue and servicing of Muscovite Social Cards, work with small businesses, social and charitable projects.

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Elektronnaya Moskva implements projects connected with introduction of the latest information technologies and development of the Information and Communications Infrastructure of Moscow.