OREANDA-NEWS. The Bank of Moscow has opened a credit line to the Administration of Pushkino Municipal Region of Moscow Area with the lending ceiling of 150 million RUR. The loan maturity period is 18 months.

The city Administration has raised borrowed funds to finance the 2013 budget deficit and repay the debenture stock of Pushkino Municipality, Moscow Area.

Along with this the Bank of Moscow plans to open in Pushkino, Moscow Area, a branch and tale an active part both in the financing of the city communal infrastructure and in small and medium size business support programmes implemented in the municipality.

The Bank of Moscow keeps on implementing the strategy of developing co-operation with Moscow Area. Within the framework of said strategy, the Bank takes an active part in crediting the municipalities of the Area.