OREANDA-NEWS. The Novosibirsk subsidiary of the Bank of Moscow has granted an irrevocable guarantee for 259.75 million roubles to OOO Energetika. Microelectronika. Avtomatika (OOO EMA) for one year and one month. The guarantee is granted to secure return of an advance payment under a contract with ZAO Vankorneft.

The engineering company OOO EMA was founded in 1990. It implements comprehensive solutions for automating production processes for electric power facilities and industrial enterprises. The company provides a broad range of services: from design and delivery of equipment to tuning and start-up work and maintenance of automated systems. Its business partners include OAO Krasnoyarskenergo, OAO Sverdlovenergo, OAO Kuzbassenergo and many others.

In 2012, OOO EMA signed a contract with ZAO Vankorneft for installation of dispatch management and technical metering of electric power systems.

"For the Bank of Moscow, financing of contractor companies’ fulfilment of state contracts is one of the priority spheres of business. For the purpose of developing the given co-operation, we are prepared to provide the latest products and technologies to organisations working on state orders. In our work, we use an individual approach, adapting the Bank’s products to the needs of our clients", commented Evgeniy Monin, head of the Bank of Moscow’s regional business development department.