OREANDA-NEWS. July 02, 2013. Krasnodar branch of the Bank of Moscow has opened a settlement account for a new client ОАО Krasnodargorgaz and next day a loan was extended to the company to the amount of 530 million RUR for the term of 5 years for the purpose of refinancing.

Krasnodargorgaz has been working in Krasnodar since 1953. That was when the trust Krasnodargorgaz was organised. Today with the help of the company 260000 flats and private houses, 1370 industrial enterprises, organisations and domestic and communal sites have been provided with gas supplies. In co-operation with the administration of the Krasnodar municipality the prospects of developing the industrial and communal infrastructure are considered.

"The Bank of Moscow actively co-operates with the administration of Krasnodar and the Krasnodar Territory. In April 2013 the Bank of Moscow and the Government of the Krasnodar Territory signed a co-operation agreement with its key directions being the implementation of investment projects aimed at social and economic development of the Krasnodar Territory, and support to the programmes of crediting small and medium size businesses.

A loan granted to the city’s primary taxpayer is another step towards the purposes of said agreement," commented Maxim Kokorin, Vice President and Director of the Corporate Sales Department of the Bank of Moscow.