OREANDA-NEWS. November 20, 2012. Sviaz-Bank’s branch in Nizhniy Novgorod has entered into an agreement with Mordovcement OJSC on a revolving credit line of 1 billion rubles to be opened to the company, which wants to use the borrowed funds to increase its working capital, reported the press-centre of Sviaz-Bank.

Mordovcement OJSC is among the leading cement suppliers on the Russian building materials market.

“Cooperation with this company offers us a good opportunity to support a leader in the industry and to diversify our loan portfolio as well. I am certain that our partnership will be efficient and beneficial to us both,” said Sergey Volokhov, Vice Chairman of Sviaz-Bank’s Management Board.