OREANDA-NEWS. Nizhny Novgorod branch of the Bank of Moscow has established a lending ceiling for ООО First-NN to the total of 300 million RUR out of which 250 million RUR will be used to finance the costs incurred in connection with the government contract for building kindergartens and the 50 million RUR balance will be used to pay security deposits for participating in open auctions for the right to enter into government/municipal contracts.

The core business of OOO First-NN is the construction of community infrastructure and facilities (sports and recreation centres, pre-school educational institutions), business centres, building reconstruction within the framework of government and municipal contracts. The company itself agrees the design and estimate documentation with its customers, purchases all the materials, and employs highly qualified contractors for the performance of work that can’t be done by one organisation.

"Financing of projects connected with the construction and reconstruction of municipal facilities is a top priority for the Bank of Moscow. We understand how much it is important to support companies that work under government contracts, and so we provide them with beneficial credit conditions and assure an individual approach where such projects are implemented. It is nice to understand that with our help the infrastructure of Nizhny Novgorod and the life of the city people is getting better," commented Eugeny Monin, Director of the Corporate Sales Department of the Bank of Moscow.

"Our company’s business implies responsibility to customers, partners, employees and the people of Nizhny Novgorod. To finish our work in due time and with feeling we co-operate with the best companies of the city and area. That was the principle underlying our choice of the Bank of Moscow: it is a reliable, stable, up-to-date bank offering good financing," stressed out Alexander Kalinichev, Director of OOO First-NN. "We are sure and happy that long-term co-operation with the Bank of Moscow will greatly influence our region’s development."