OREANDA-NEWS. November 27, 2012. The Bank of Moscow takes an active part in the public auctions for a right to provide loans to the municipal units of the Moscow Region within the framework of the business development strategy implementation in the Moscow Region. On November 23 an auction took place, wherein the Bank of Moscow won a right to provide credit facilities to the Pushkinskiy Municipal District for 250 million roubles for 18 months.

The purpose of lending is to finance deficit of the district budget and to clear off the municipal debts. Apart from that the Bank of Moscow plans to provide credit resources to finance programs implemented in the Pushkinskiy Municipal District of the Moscow Region; to take part in the programs to support and develop small and medium business of the district.

We have to mark that according to the results of another auction, which took place this June, the Bank of Moscow has already made two credit agreements with the Pushkinskiy Municipal District for a total amount of 200 million roubles.

"Our cooperation with the Pushkinskiy Municipal District of the Moscow Region already has its own history. And it was very important for us to win in this auction", — Igor Chagayev, Vice President of the Bank, stated, — the Bank of Moscow looks to the maximum integration into the economy of the Moscow Region. Additionally, the activities to open a branch of the Bank of Moscow in Pushkino are current underway".