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Thursday, August 24, 2017

Bank of Moscow loans KG Iron Works $5.5 million

The Bank of Moscow said on Wednesday that its Tula regional office has loaned approximately $5.5 million to the Kosaya Gora (KG) Iron Works company.

KG is one of the country's leading metallurgic enterprises, specializing in producing different types of iron, including blast furnace and manganese iron.

Representatives from the iron producer said future cooperation with the bank is an important strategic step for the plant, with the bank's team focusing on client needs, Natalia Leonova, the plant's director for economics and development, said.

"Kosaya Gora Iron Works has been cooperating with the Tula office of the Bank of Moscow since 2013. We highly appreciate our existing partnership relations with the client, and we hope that our mutually beneficial cooperation will continue in the future," Bank of Moscow Corporate Sales Management Department Director Evgeny Monin said.

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Bank of Moscow - Russia

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