OREANDA-NEWS. April 24, 2014. Sviaz-Bank’s branch in St.Petersburg has entered into an agreement with the St. Petersburg Fuel and Energy Complex, State Unitary Enterprise, for a revolving credit line to be opened to the borrower.

With all bids considered, the borrower signed an agreement with Sviaz-Bank for a revolving credit line of 300 million rubles to be opened for a drawdown period of one year for the St.Petersburg Fuel and Energy Complex to increase its working capital.

The St.Petersburg Fuel and Energy Complex, SUE, is a leading fuel and energy company in Russia’s Northwestern Region. The company supplies heat and hot water to some 12,000 houses in St.Petersburg, with almost 2.5 million residents. Aside from residential houses, the company supplies heat and hot water to hospitals, schools, childcare centers, and numerous industrial facilities.