OREANDA-NEWS. December 13, 2011. Sviaz-Bank has been declared winning bidder in two lots of the public auction held by Petrozavodsk Utility Systems Open Joint-Stock Company for a loan contract and will now open two revolving credit lines totaling 200 million rubles to the company, reported the press-centre of Sviaz-Bank.

The credit lines will be available for drawdown for 12 months.

Petrozavodsk Utility Systems Open Joint-Stock Company is a subsidiary of Russian Utility Systems OJSC. The company supplies water, sewage disposal services, and heat to the residents of Petrozavodsk and Prionezhsk and Pryazha districts of the Republic of Karelia.

Sviaz-Bank has been a lender for Petrozavodsk Utility Systems since 2010 and has since given it loans totaling around 1 billion rubles by now.