OREANDA-NEWS. April 17, 2013. Sviaz-Bank’s branch in Nizhniy Novgorod has opened a revolving credit line of 3 billion rubles to Mordovcement OJSC, to be drawn down for three years. A first tranche of 750 million rubles was issued to the borrower under the terms of the loan agreement.

Mordovcement OJSC has the largest cement manufacturing facilities in the Russian Federation.

“Mordovcement OJSC has been Sviaz-Bank’s customer since 2010. These days, the company is working, jointly with its banks, to optimize the structure of its borrowings. The loan agreement it has signed with Sviaz-Bank is a result of the two signatories’ productive joint efforts to maintain long-term relations. We believe this deal is important for developing the industrial potential of the Volga Federal District and the Russian economy at large,” said Valery Trushin, Manager of the Nizhniy Novgorod branch.