NOMOS-BANK Opens Credit Lines for Motovilikhinskiye Plants
OREANDA-NEWS. June 25, 2012. The Perm branch of NOMOS-BANK has opened credit lines with total value of RUB 750 million for OJSC Motovilikhinskiye Plants, a large industrial holding in Perm Territory consisting of steel-making facilities, various machine-building assets (including oil field and road-building equipment) as well as an in-house design bureau for civil and special-purpose machine building, reported the press-centre of NOMOS-BANK.
Provision of financing for one of the biggest and most important industrial enterprises in Perm Territory – OJSC Motovilikhinskiye Plants – is a telling example of support by NOMOS-BANK for the real sector of the Russian economy,” said Valery Terenin, manager of the Perm branch of NOMOS-BANK.
“The deserved reputation of NOMOS-BANK as a leader of the Russian banking sector, its high level of professionalism and quality approach to tasks makes the partnership between OJSC Motovilikhinskiye Plants and NOMOS-BANK of strategic importance to us. The Bank has offered a product that fully meets our needs. The borrowings will be used both for financing of current business and for modernization and rebuilding of our production capacities, including purchase of new technology and equipment. The credits are also earmarked for financing of R&D work, prototype testing and technology projects,” said Alexei Antipov, the First Deputy CEO and Financial Director of OJSC Motovilikhinskiye Plants.
NOMOS-BANK carries out cash and settlement services for OJSC Motovilikhinskiye Plants in addition to providing credit lines to the holding.