NOMOS-BANK grants a credit limit of 950 million Roubles to “Magma” oil company

NOMOS-BANK has set the revolving credit line’s limit for OJSC “Magma” Oil Company" in the amount of 950 million Roubles. The finance is provided by the Bank for the purpose of replenishing the company’s circulating funds. The limit will remain effective for a period of one year. The funds under the limit will be made available in tranches with 90-days duration.

“The signing of the agreement establishing the credit limit for OAO ‘Magma’ is a continuation of the successful traditions of our interaction with the companies representing the oil sector of Russia’s economy”, — notes Andrey Shirokov, Vice President of NOMOS-BANK.

The Bank’s co-operation with OJSC “Magma” Oil Company" began in 2007 with the opening of a revolving credit line for one year. The co-operation may be expanded in the future, including by increasing the number of banking instruments used by the company.