Presiedent of Tatarstan Rustam Minnikhanov and Bank of Moscow President and Chairman of the Board Mikhail Kuzovlev met on Thursday to talk about the state of their current partnership.

In the meeting, the representatives from the republic negotiated terms to develop borrowings for corporate entities and credit facilities. The bank has worked with Tatarstan to fund infrastructure projects and support for the City of Kazan's Municipal Unitary Enterprise and their Department of Food and Social Nutrition.

Earlier this year the bank opened credit lines to the Kazan Energy Service Centre for the purchase of energy efficient items for apartment developments, reducing energy costs by 20-30 percent.

Also announced were the objectives and challenges facing the Kazan branch of the Bank of Moscow, the branch will be an integral part of future negotiations.