OREANDA-NEWS. July 13, 2009.  The Bank of Moscow has extended a credit to the amount of USD50 mln to OJSC "Tulachermet" which is incorporated in an industrial and metallurgic holding. The funds were channeled for the replenishment of the company’s current assets. The term of crediting is one year.

The Bank of Moscow has been cooperating with enterprises of the industrial and metallurgic holding since 1999. Currently, the Bank is a key strategic partner of the holding’s enterprises, financing their current productive and investment activities, export-import operations, granting bank guarantees etc. In March 2009 the Bank of Moscow extended credit facilities to the amount of RUR3 bln to OJSC "Koks" (a main manufacturing enterprise of the holding) with the maturity on March 11, 2010. The total of the credit funds extended by the Bank of Moscow to the holding’s enterprises during the last two years including repaid ones were more than RUR40 bln, documentary products — more than RUR2.2 bln.