OREANDA-NEWS. Krasnodar branch of the Bank of Moscow has entered into a loan agreement to the amount of 800 million RUR with ОАО NESK-Electrosety to finance the company’s working capital for the term of 3 years.

ОАО NESK-Electrosety is the second biggest, in terms of the volume of services it provides and transmission of electric power, electrical network company in the Krasnodar Territory. Twenty five branches of the company supply electric power to about 900 thousand consumers. The company plans to build new transformer substations, distributing points and power transmission lines to support growing demand in electric power of the cities of the Krasnodar Territory.

branch of the Bank of Moscow has been working in co-operation with ОАО NESK-Electrosety since March 2011 when the first loan agreement was signed to the amount of 800 million RUR for the term of 2 years.

"Supporting the plans aimed at the expansion of business of one of the biggest companies of the Krasnodar Territory is one of the tasks contained in the co-operation agreement signed between the Bank of Moscow and the Government of the Krasnodar Territory", commented Valery Gaponov, Director of Krasnodar branch of the Bank of Moscow.