OREANDA-NEWS. July 16, 2008. OJSC "RODOVID BANK" and joint-stock company "Insurance traditions - Zhyttiya" signed the General agreement about collaboration.

According to the Agreement, an insurer got the second degree of accreditation, that provides for risks’ insurance, mentioned in the program of retail business crediting.

"The first level of accreditation provides for possibility of insurance company to insure mortgage property of Individual and legal entities; the second level provides for possibility of insurance company to work only with retail business – to insure the mortgage of individuals", - Anna Zhemova, the economist of passive operations of corporate business department of OJSC "RODOVID BANK".

RODOVID BANK will do its business with an insurance company in the field of life-insurance borrowers of the Bank.

Today, there are 31 insurance companies that are accredited in the Bank. 30 companies carries out property insurance and insurance of responsibility of borrowers, and 1 company insures life of borrowers of the Bank. The Agreements were signed with 25 companies and more 6 Agreements will be signed in the nearest future. 7 insurance companies have the first level of accreditation, 24 – the second one.

According to Anna Zhemova, the level of accreditation of insurance company can be changed depending on implementation of business plan and conditions of the General Agreement.

The list of insurance companies-partners of RODOVID BANK will be extended in the near time.