OREANDA-NEWS. August 29, 2012. The Kazan branch of the Bank of Moscow has extended a loan to OJSC the Scientific and Research Centre of Oil Production Chemistry (NII Neftepromkhim) to the amount of 86 million RUR. The loan maturity period is 12 months.

The funds have been extended to replenish the company’s working capital.

OJSC the Scientific and Research Centre of Oil Production Chemistry is a dynamically developing enterprise with over 30 years of experience in the development and organisation of the production of chemical products used in oil production. The range of OJSC NII Neftepromkhim includes more than 150 chemical products and processes.

"The Bank of Moscow takes an active part in supporting and developing regional companies of the Republic of Tatarstan. Currently the Bank’s branch in Kazan is one of the leaders of the Bank’s regional network with a credit portfolio of over 1 billion RUR in the medium and small size business segment", commented Lilia Bogacheva, Director of the Kazan branch of the Bank of Moscow. "In our cooperation with enterprises we apply an individual approach to each client, selecting the required set of bank products and services subject to the client’s business needs".