OREANDA-NEWS. January 16, 2013. On the basis of the results of a public auction for lending to the Orekhovo-Zuyevo Region, the Bank of Moscow is to lend the municipality a total of 100 million roubles for a term of two years. The local administration is raising borrowed funds to redeem debts of the Orekhovo-Zuyevo urban district.

The Bank of Moscow is continuing its strategy of developing co-operation with the Moscow Region, within the scope of which the Bank is taking an active part in public auctions for lending to municipalities in the Region.

In 2012, for instance, the Bank of Moscow won 39 auctions to a total of almost 2.5 billion roubles for extending loans to towns and districts in the Moscow Region.