OREANDA-NEWS. May 22, 2012. The Bank of Moscow has extended a credit line with a RUR 400 mln debt ceiling to the SMILE Group (Kazan). The credit line has been extended for the purpose of refinancing the loans granted by other banks and replenishing the Group’s working capital.

The SMILE Group is a major distributor of FMCG products in the Povolzhye territory and the biggest logistics operator in the region.

The Bank of Moscow takes an active hand in crediting corporate clients in the Republic of Tatarstan as this activity is the Bank’s key business.