OREANDA-NEWS. July 20, 2012. The Bank of Moscow has extended a credit facility for financing the current activities of ZAO Samara Cable Company (Samara) in the amount of RUB 500 million. The credit facility has been opened for a term of 24 months.

ZAO Samara Cable Company is a leading manufacturer of high quality cable and wiring output in the Russian Federation, It is one of the top 10 enterprises in the Russian Federation producing cable products. ZAO Samara Cable Company continues the traditions of the Kuibyshev cable communications plant and is a dynamically developing enterprise with advanced production organisation and governance. The company’s output is used in many branches of industry: electric power, telecommunications, transport and others.

The Bank of Moscow takes an active part in lending to corporate clients in the Volga Federal Area. "Co-operation with Russian regional companies is one of the key spheres of the Bank of Moscow’s business", commented Evgeny Monin, head of the Regional Business Development Directorate. "Today, the Bank’s regional branches have all the tools they need for financing the operations of medium-sized enterprises in the regions of the Russian Federation – an extensive product line, the requisite technologies and powers."