OREANDA-NEWS. March 23, 2009. The Bank of Moscow has extended credit resources to the sum of RUR3 bln to OJSC Koks for the period up until 11 March, 2010. The funds are allocated for developing production and replenishing working capital, including refinancing of loans raised previously from enterprises managed by Industrial Metallurgical Holding (apart from OJSC Koks, including OJSC Tulachermet, OJSC Ufaleinikel, OJSC Kombinat KMAruda, Slovensk Steel Group and OJSC Polema).

The Bank of Moscow has been co-operating with the Koks Group enterprises since 1999. The Bank is now one of the key strategic partners, financing current production and investment activities of the Group enterprises, servicing export and import operations, granting guarantees, rendering settlement and cash services and providing salary projects. The credit funds extended by the Bank of Moscow to enterprises of the Group over the last 2 years, including redeemed sums, has totalled RUR40 bln and documentary products have amounted to over RUR2.2 bln.