OREANDA-NEWS. September 22, 2014. The Tyumen branch of Sviaz-Bank (Vnesheconombank Group) entered into an agreement on a loan of 300 million rubles to be made to Mostostroy-11 OJSC in the form of a revolving credit line for a period of 24 months.

The company will use the borrowed funds to increase its working capital.

Mostostroy-11 OJSC is one of the biggest Russian developers in the fields of construction and renovation of industrial and civilian projects. Construction and improvement of highway and railroad bridges, overpasses, and underpasses are the company’s core operations.

Cooperation between Sviaz-Bank and the company is not limited to the corporate sector alone. The Bank offers mortgages to its customers for the purchase of housing in a residential complex Mostostroy 11 is building in Tyumen. The Bank’s mortgages are an opportunity for borrowers to buy apartments in a modern residential house at the construction stage when a square meter sells at the most affordable price.