"Savings Bank" to open credit line for Makhachkala administration

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Makhachkala, December 14, 2015. The Public Joint Stock Company (JSC) "Savings Bank of Russia" will open a credit line for the administration of Makhachkala with a limit of 300 million rubles.

The "Savings Bank" has become the sole participant of financial management of the city after signing the agreement for the opening of non-revolving credit line with a limit of 300 million rubles.

The auction was declared invalid, but the auction commission recognized the application of the Savings Bank corresponding to the requirements of the documentation and agreed to sign a contract with the sole participant. The decision on the price of the contract has not been made yet.  

The initial (maximum) contract price was set at 45 million rubles (rate of 15% per annum), the auction step - 0.5% of the initial (maximum) price.

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