OREANDA-NEWS. Krasnodar branch of the Bank of Moscow has extended four bank guarantees to the State Scientific Centre Yuzhmorgeologia to the total amount of 303.3 million RUR. The bank guarantees are intended to secure performance under four government contracts.

The SSC Yuzhmorgeologia is one of the leading scientific organisations in Russia with more than 60 years of practical experience. It takes part in federal and international programmes and agreements providing its services in the offshore geophysical industry, geological exploration, researches and geophysical engineering. The SSC Yuzhmorgeologia transacts its business in the sphere geological support of federal tasks pertaining to the development of mineral resources of the continental shelf, internal seas and the international region of the global ocean. The Centre is under the authority of the Federal Agency for Subsoil Use of the Ministry of Natural Resources and Ecology.

"The Bank of Moscow actively works with the key regional companies performing under government contracts. We have been working in co-operation with the SSC Yuzhmorgeologia since 2012. We understand the importance of top-quality and timely performance of the enterprise under the concluded government contracts and are ready to provide a full set of bank services to help them fulfil those tasks," commented Eugeny Monin, Head of the Regional Business Development Directorate of the Bank of Moscow.