OREANDA-NEWS. April 25, 2012. Sviaz-Bank’s branch in Vladimir has been named winner of a public auction for lending institutions bidding for a contract to provide financial services to the Vladimir Regional Power Network Company, OJSC. Bank Uralsib, OJSC, and the Vladimir Regional Authority’s branch of Moscow Industrial Bank, OJSC, were the other bidders in the auction, reported the press-centre of Sviaz-Bank.  

Sviaz-Bank will open three revolving credit lines with a total debt limit of 250 million rubles to the company, with 200 million rubles being available for a year, and 50 million rubles, for 18months. The borrower will use the loan funds to finance its network operations and business transactions.

“The Vladimir Regional Power Network Company is our longstanding partner and customer,” said Alexei Potapov, Manager of Sviaz-Bank’s Vladimir branch. “We are looking forward to long-term productive relations with the leading electric power provider in the region.”