OREANDA-NEWS. The Yekaterinburg subsidiary of the Bank of Moscow has opened two credit facilities for OOO Stroyinvest to a sum of 550 million roubles and for ZAO Amotea Engineering Group for 500 million roubles. Each of the loans has been granted for a three year term and is intended for replenishing the companies’ circulating assets.

The companies’ main spheres of activity cover construction and repair of major gas and oil pipelines, as well as construction and installation work and reconstruction of industrial construction and civil facilities, including in swampy, inaccessible and permafrost areas and under other difficult natural conditions.

"One of the Bank of Moscow’s priorities is to provide loans to regional enterprises. We are actively developing co-operation with contractors of major Russian corporations performing work on infrastructure projects. In our work, we take an individual approach, aligning the Bank’s products with the needs of the client’s business", commented Evgeniy Monin, Head of the Bank of Moscow Directorate for Regional Business Development.