ROSEVROBANK (Moscow) and the insurance company ROSGOSSTRAKH STOLITSA have approved a bilateral regulation in the field of insurance of private individuals seeking mortgage credits. Under the new rules, the examination of papers and the drafting of insurance contract will not take more than one day. A client submits a set of documents to ROSEVROBANK and the next day gets the requisite documents in the bank and pays for insurance. For clients’ convenience, insurance payment may be made at ROSEVROBANK through a free transfer on the day of issuance of the credit. ROSEVROBANK has been cooperating with ROSGOSSTRAKH since March this year. Mortgage credits issued by the bank by August 1, 2006, have exceeded $27m.
Source: ROSEVROBANK PRESS SERVICE, August 23, 2006
