OREANDA-NEWS. Samara branch of the Bank of Moscow has opened a credit line to ООО Tolyattinsky Transformator (Togliatti Transformer) to the amount of 600 million RUR for the term of 24 months to finance the company’s working capital.

The Togliatti Transformer Works (ООО ТТ) is a specialised enterprise with its history going back to 1956. It is one of the biggest manufacturers of high voltage power transformers with up to 30 000 000 kVA rated capacity in the post-Soviet space. The buyers of ООО ТТ products are major power generation enterprises, oil and gas companies, ferrous and non-ferrous metallurgy plants, chemical and petro-chemical producers, defence industry, Russian Railways and the housing and utility sector. Electrical equipment manufactured by Togliatti Transformer is reliably operated in more than 50 countries of the world including the regions of Eastern and Western Europe.

"The Bank of Moscow, within the framework of its adopted strategy, takes an active part in crediting enterprises of the real economy sector," commented Eugeny Monin, Director of the Corporate Sales Department of the Bank of Moscow. "In our co-operation with enterprises we apply an individual approach to each client selecting a must-have" set of bank products and services based on the business’ requirements".

"The Bank of Moscow became our partner in June 2013. The fact that a loan agreement was signed just confirms the high level of trust the Bank has in our company and provides us with an opportunity to exclude an occurrence of cash gaps", noted Leonid Khokhlov, Deputy General Director for Economy and Finance of ООО Togliatti Transformer.