OREANDA-NEWS. February 02, 2010. The Bank of Moscow has won an auction to extend three credit facilities to the Executive Committee of Kazan to an aggregate sum of 1.5 billion roubles for a term of 6 months.

Sums of the three lots: 400 million roubles, 500 million roubles and 600 million roubles.

The Bank of Moscow is one of the biggest creditors of the Kazan city budget. Since the beginning of 2008, the Bank has extended a total of over 7 billion roubles in credit products.