OREANDA-NEWS.  February 16, 2012. Within the scope of participation in the Goszakaz-2012 forum and exhibition, the Bank of Moscow is providing a unique complex of services for small and medium-sized businesses. In particular, co-operation with OAO Unified Electronic Trading Floor (UETF), the biggest national operator of electronic trading, selected by the Government of the Russian Federation to hold on-line auctions for state orders.

In collaboration with the Government of Moscow on the basis of the UETF, the Bank of Moscow has created a unique system for holding tenders and actions for placement of state orders. In this, the Bank of Moscow fulfils the functions of the operator issuing the "supplier start-up package" and registering tender participants.

At present, the Bank of Moscow, in conjunction with the UETF, is offering state order contractors a comprehensive solution within the scope of a specially developed products line and crediting procedures. For example, special credit for legal entities and individual entrepreneurs for the purpose of supporting the application to participate in an open electronic auction held on the UETF electronic trading floor. The financing provided by the Bank ultimately allows enterprises and entrepreneurs to receive guaranteed business volumes and create new jobs.

The programme for crediting participants in the state procurement process is in demand. In 2011, the number of small and medium-sized businesses that participated in electronic tenders through the UETF trading floor quadrupled and the number of participation applications submitted by them increased more than six-fold.

The popularity of the Bank’s unique service is promoted by the broad branch network of the Bank of Moscow and the VTB Group, which provides equal opportunities to participate in the state order system for enterprises located throughout Russia.

"Financing of state orders is a strategically important activity on the part of the Bank of Moscow" commented Mikhail Kozovlev, President — Chairman of the Management Board of the Bank of Moscow. "Within the scope of the co-operation with the UETF, we are planning to increase the credit portfolio by 50% and to provide guarantees to state order contractors in the amount of 3 billion roubles."

The Bank of Moscow is the General Partner of the Goszakaz-2012 forum and exhibition.