OREANDA-NEWS.  The Bank of Moscow has established a lending ceiling for OAO Research and Production Association Electromashina (Chelyabinsk) to the amount of 600 million RUR. As of today two credit lines were opened within the framework of the lending ceiling. The funds were extended to finance the company’s business activity.

OAO Research and Production Association Electromashina is incorporated in the armoured vehicle and tank production holding ОАО Research and Production Corporation Uralvagonzavod and in the State Corporation Rostechnologii.

The core business of OAO Research and Production Association Electromashina is the development, commissioning and since 2011 production of various types of electrical equipment, control systems for armoured vehicles, start-regulating electrical devices for railway locomotives, motors for electrical tools and home appliances, power supply turbo-generators, and high pressure pumps for the Federal Rescue Service.

"The Bank of Moscow intensively develops co-operation with real economy sector enterprises supporting them with the whole range of bank services. The main result of our work is successful development of business of regional companies," comments Eugeny Monin, Head of the Regional Business Development Directorate of the Bank of Moscow.