OREANDA-NEWS. April 18, 2014. The Petrozavodsk, Karelia, branch of Sviaz-Bank (Vnesheconombank Group) is developing cooperation with homeowners partnerships (HOP) in the city by offering them a new banking service – a special account to be opened for funds to be deposited for future major repairs.

The branch has opened a special account for the Monolith 7 HOP providing services to a 70-apartment condominium at 2 Drevlyanka Street, Petrozavodsk.

“Our branch cooperates actively with many homeowners partnerships in the city, for which it is a tested and reliable partner. Today, the Bank offers an attractively priced scheme to partnerships for a special account to be opened and maintained and condominiums to be kept up to modern standards, including transparency and effectiveness of savings made and expenses incurred to do major repairs on residential houses,” says Irina Chernenko, manager of Sviaz-Bank’s branch in Petrozavodsk.

The advantages of a special account to be maintained with Sviaz-Bank include free opening and maintenance of an account (provided that transactions are carried out in the account in the current month and no remote banking services system is used), free certification of a specimen signature card and seal imprint, and the possibility of interest being added to the irreducible balance or average monthly balances of funds in the account.