OREANDA-NEWS. December 12, 2012. Within the framework of a revolving credit facility the Bank of Moscow has extended to OJSC United Energy Company (OJSC OEK) a loan amounting to 5 billion RUR for the term of 36 months. The loan will be used by the company to finance its current activity and make investments.

OJSC OEK is one of the biggest electrical network operators in Moscow that is involved in developing, operating and reconstructing the municipal electrical networks. The company transmits and distributes electrical power, assures technical connection of consumers, and builds new networks. The sole shareholder of OJSC OEK is the Department of Moscow Property.

"In the capital city the Bank of Moscow provides financial support to infrastructural projects that require much money for a long period of time", commented Igor Dubonosov, Vice President and Director of the Moscow Municipal Project Development Department. "Today we have gained significant experience in the implementation of such projects. And we can stress out once again that the Bank of Moscow is the key bank providing bank services for infrastructural construction in the capital city."