OREANDA-NEWS. April 2, 2008. The Bank of Moscow and the State Corporation for construction of Olympic facilities and development of the city of Sochi as a mountain climate resort (Olympstroi) have signed a General agreement on placement of temporarily free funds in bank deposits in both roubles and foreign currency. The term of the agreement is 3 years.

"By choosing the Bank of Moscow as the financial institution for placing its temporarily free funds, the State Corporation has confirmed the high level of reliability of the Bank", says the Managing Director of the Bank of Moscow Department for Participation in State Programmes Irina Talalaeva. "Our plans include further development of co-operation with SC Olympstroi, such as providing the whole range of banking products within the scope of the measures for preparing Sochi for the 2014 Winter Olympics".