OREANDA-NEWS. On August 06, 2009 The Bank of Moscow has extended a credit of RUR 4 bln with a maturity of 1 year to JSC "Far East Generating Company (DVGK)". "The credit will be used to refinance the power company’s current liabilities", the Financial Director of JSC DVGK Arkadiy Kozyaikin announced, reported the press-centre of Bank of Moscow.

JSC "Far East Generating Company" has a reputation as a reliable borrower. In this connection, the Bank of Moscow took part in a tender for the right to extend credit resources for JSC "DVGK" and, ion May 2009, was declared the winner. In June, a relevant agreement was signed.

"Today, the Bank of Moscow is actively extending credits to enterprises in the real sector of the economy", Vice-President of the Bank of Moscow Sergey Ermolaev stressed. "By granting financial resources to enterprises in the fuel and energy sector, we are promoting development of the country’s energy complex."