OREANDA-NEWS. The Bank of Moscow provides a dynamic support to the organisations that assure the life activity of the city of Ufa and the Republic of Bashkortostan.

The Bank of Moscow has extended a credit facility to the municipal unitary enterprise Ufa Utility Networks, a municipal enterprise that is in change of the Ufa city utility networks maintenance. The core business of the enterprise is the operation and development of the heating infrastructure of the Bashkortostan capital city.

The credit facility has been extended to the amount of 300 million RUR. The maturity period is 36 months. The purpose is to finance the company’s working capital.

"The Bank of Moscow successfully co-operates with enterprises of the Republic of Bashkortostan providing a wide range of bank products and services. The Bank of Moscow has various credit programmes for regional enterprises and we actively support those who perform under state and municipal contracts. The credit facility extended to the municipal unitary enterprise Ufa Utility Networks will contribute towards further development of the company and higher quality of the services that the company provides to the people of the city," comments Maxim Kokorin, Vice President and Director of the Corporate Sales Department of the Bank of Moscow.