OREANDA-NEWS. February 25, 2013. Sviaz-Bank’s branch in Voronezh, active in the region’s market for five years, has opened a revolving credit line of 400 million rubles to Elektrosignal OJSC, Voronezh, a leading manufacturer of radio communications equipment.

The borrower can draw down the credit line for 12 months only and will use the loan funds to increase its working capital to give it stability and development opportunities.

Elektrosignal OJSC develops and manufactures radio communications equipment serving various purposes for the paramilitary agencies and defense industry enterprises of the Russian Federation. Elektrosignal OJSC today is a highly diversified undertaking having a scientific and technological potential focused on development and manufacture of the latest mobile and stationary shortwave, very high frequency, and ultrahigh frequency equipment for paramilitary agencies and general use.

Sviaz-Bank’s Voronezh branch operates on the area’s financial market as a major creditor for the region’s leading businesses. “In the past few years, we have stepped up corporate business growth rates significantly and are offering account maintenance services to ever new customers, including strategic enterprises like the Elektrosignal plant. The Bank’s loans can be used to finance unique projects of nationwide importance,” said Vladimir Gridnev, Manager of Sviaz-Bank’s Voronezh branch.