Gefest Signs Cooperation Agreement with Slavinvestbank

The Gefest insurance company has signed a cooperation agreement with Slavinvestbank (Moscow). Under the agreement, Gefest is to insure property used as collateral against loan agreements reached by the bank. In the past six years, construction equipment made up about 50% of the overall value of assets used as collateral. Immovables, production equipment, tangible assets (mostly, building materials) made up 40% and vehicles 10%. (Bankir.ru)