OREANDA-NEWS. The Bank of Moscow has extended a loan of 258 million roubles to OOO Trade House Neftmagistral for participating in public electronic auctions on OAO Unified Electronic Trading Platform.

The funds raised are allocated for securing applications to participate in tenders for supplying fuel to GUP Mostransavto.

The Neftmagistral Group was founded in 2001. The company’s core business consists in wholesale and retail trading in petroleum products through its own network of petrol filling stations in Moscow, the Moscow Region and other regions. This network is comprised of over 50 petrol filling stations, its own petrol tank farm, over 70 petrol tankers, and a modern parking lot with repair shops. The petrol tank farm includes a modern research laboratory. In 2012, TD Neftmagistral put its own fuel brand, EVOLUTION, on the market.

"The credit product granted has another step forwards in development and consolidation of the Bank of Moscow’s positions on the market for lending to companies participating in trading on electronic trading platforms. Special mention should be made of the transaction implementation term: only seven days from the client submitting the application to the loan being extended", comments Maxim Kokorin, Vice-President, Director of the Corporate Sales Management Department of the Bank of Moscow.

Co-operation between the Bank of Moscow and the national electronic trading operator OAO EETP is one of the business development priorities.