OREANDA-NEWS. The Bank of Moscow has extended to ООО Transit-DV a 2.1 billion RUR perpetual limit to finance its current activity.

ООО Transit-DV Trading House (incorporated in the Transit-DV Group) is one of the leading fuel traders in the Far East region domestic market. The Transit-DV Group owns the third biggest in the Primorski Territory oil loading terminal with about 40% of liquid fuel flow passing through it to be dispatched to the northern regions of the Far East. Over the last 12 years the Group has been the leader in fuel supplies within the framework of the state-supported programme "Northern Deliveries", supplying fuel to Magadan region, Kamchatka and Sakhalin areas (80%). 65% of its proceeds the Transit-DV Group raises from its vessel bunkering operations and petroleum products wholesale.

"We are happy to have managed to offer our client a successful product solution as the limit established for Transit-DV Trading House enables the company not only finance its current activity but also re-finance its capital costs incurred earlier in connection with the modernisation of its assets and to use the guarantees of the Bank of Moscow. This enables the company to quickly use the Bank’s tools to resolve both current and strategic problems of development", commented Eugeny Monin, Director of the Corporate Sales Department of the Bank of Moscow.