Nordea Bank will take deposits from MTK, Moscow Heat Distribution Grid Company

24.05.2011

Nordea Bank will take deposits from MTK, Moscow Heat Distribution Grid Company

OJSC Nordea Bank makes a winning bid in an open tender held by OJSC Moscow Heat Distribution Grid Company on 27 April 2011.

Winning in the tender resulted in the right to sign an agreement on taking MTK's idle cash on deposit in 2011-2012.

The agreement will cover deposits ranging from RUB 500 million to 2 billion. The term of the agreement is up to 31 December 2012.

The relations between OJSC Nordea bank and OJSC Moscow Heat Distribution Grid Company were established in 2008. Since that time OJSC Nordea Bank has become one of MTK’s key partner banks for taking loans and making deposits.

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