NOMOS-BANK provides finance totalling 700 million Roubles to OAO “Group E4”

NOMOS-BANK has opened a revolving credit line for 700 million Roubles to a large Russian engineering company — OAO “Group E4”. The funds have been provided for the purpose of replenishing circulating capital for a term of 18 months.

Co-operation between NOMOS-BANKа and ОАО “Group Е4” began in 2004. The Bank has granted the company a credit limit of 5.5 milliard Roubles. Alongside lending, the Bank also provides to OAO “Group E4” such documentary products as banking guarantees and letters of credit. Aiming at further expansion of co-operation, NOMOS-BANK has launched a payroll project for the staff of the engineering company that employs over 18 thousand people.