OREANDA-NEWS. Ufa branch of the Bank of Moscow has extended a credit facility to MUE Ufa Utility Networks to the total of 300 million RUR. The maturity period is 36 months and the loan is aimed at buying fuel for a good start of the heating season that for Ufa begins in late September.

The MUE Ufa Utility Networks operates and develops the heating infrastructure in Ufa supplying hot water and heating to the people of the capital city of the Republic of Bashkortostan. NUE UUN has been a client of the Bank of Moscow since December 2012.

"The Bank of Moscow has been working in co-operation with Ufa Utility Networks since its founding and we are happy that, thanks to our co-operation, the Bank helps satisfy the needs of the people of Bashkortostan", commented Eugeny Monin, Director of the Corporate Sales Department of the Bank of Moscow.