Bank of Moscow Extends Credit Facility to Revyakinskiy Metal Works
OREANDA-NEWS. May 16, 2012. The Bank of Moscow has extended to Revyakinskiy Metal Works a credit facility with a debt limit of RUR 300 mln for the purpose of financing the enterprise’s current activities. The Bank has extended the loan without security.
Revyakinskiy Metal Works is a production enterprise in the Tula Region. It specialises in production of rolled metals for construction purposes and gardening/personal allotment tools and equipment. The plant is one of the regional leaders in the rolled metal market in Russia.
For the Bank of Moscow, financing of regional enterprises is a strategically important business. The Bank is currently participating in developing the credit market for all business entities in the Tula Region.
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