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Samara Branch of ORGRESBANK has won a tender for granting loans totaling 600 mRUB to Administration of the Samara City.
OGRESBANK has offered the most favorable loan terms among 6 banks that participated in the tender. The funds will be used to cover the city budget deficit and to repay the Samara City municipal debts.
According to Andrey Maltsev, Deputy Chairman of JSB “ORGRESBANK” Management Board, the Bank was able to win the tender not only because it offered the most favorable loan terms, but also because the Bank has the experience of the effective cooperation with the Samara City Administration – in 2006 ORGRESBANK already granted loans to the city, so currently the cooperation has been successfully extended.