OREANDA-NEWS.  The Bank of Moscow has extended 350 million RUR to finance the activity of OOO Design and Production Firm Krasnodaravtodorservice (Krasnodar).

ООО Design and Production Firm Krasnodaravtodorservice was organised in 1993. It is a leading road construction and maintenance organisation of the Krasnodar Territory providing a full range of roadwork from design to finished road. Upon decision of the territorial committee supported by the RF Construction Committee, the company has been rated among the 3 top leaders of the road construction business in the Krasnodar Territory.

The loan has been extended by the Bank of Moscow to finance the company’s working capital. The loan maturity period is 16 months.

The Bank of Moscow works in close co-operation with enterprises of the real economy sector and pays special attention to crediting the representatives of this sphere. Today financing road maintenance and construction companies of the Territory is a priority direction in business development of the Krasnodar branch of the Bank of Moscow as quite a few motor highways in the area are under construction or reconstruction within the framework of the state ear-marked programme "Russian Transport System Development (2010—2015)", which in turn is connection with preparations for the Sochi Olympic Games.

"With due regard for the attractiveness of the regional market the Bank of Moscow plans to become one of the Territory’s leaders in servicing small and medium size business clients. In 2013 the Bank plans to at least double the number of extended credits", comments Eugeny Monin, Head of the Regional Business Development Department of the Bank of Moscow.