OREANDA-NEWS. PrivatBank has signed a treaty with one of the world's leading financial institutions JPMorgan Chase Bank that will expand customer possibilities in international trade. PrivatBank and JPMorgan Chase Bank have been cooperating in the field of international monetary settlements for customers for more than 15 years, and the new treaty will only enhance such cooperation.

“In recent years, cooperation with international banks on clients’ trading operations was hampered due to the ambiguity of Ukrainian legislation and the situation in the country,” notes Liudmyla Shmalchenko, Director of PrivatBank’s Treasury Department. “Thanks to thorough examination of all issues performed by the legal departments of both banks, we finally came up with the text of a treaty which satisfies all parties and allows to resume cooperation on international trade transactions.”

According to results of work in 2015, JPMorgan Chase Bank acknowledged PrivatBank as one of the best correspondent banks by payment processing quality on the international market and once again awarded the Ukrainian bank with the Elite Quality Recognition Award, granted to the best banks globally.