OREANDA-NEWS. December 12, 2007. On December 7, 2007m IMB was awarded with two Elite Quality Recognition Awards from JPMorgan Chase Bank, New York, the bank's press service reports. That recognizes the high efficiency of both commercial and treasury payments of International Moscow Bank.

According to JPMorgan, "Elite Quality Recognition Award is the proof of the highest standards of management of IMB, professionalism of the employees and high standard of banking services provided by IMB in Russia and on the international markets."

Only 230 banks out of 6000 correspondents of JPMorgan worldwide were honored with such a high assessment of quality. The straight-through processing (STP) ratio of IMB payments in USD is more than 99% for commercial payments and more than 99,7% for treasury payments.

The awards were presented by Mr. Natarajan Sethumadhavan, Senior Vice President, Head of Financial Institutions.

JPMorgan Chase Bank is one of the largest banks in the USA and one of ten largest banks in the World. The Bank was established on July 14, 1996 as a result of a merger between The Chase Manhattan Bank NA (est. 1955) and Chemical Bank (est. 1824). On November 10, 2001 Morgan Guaranty Trust Company of New York merged into the Bank. JP Morgan Chase Bank is presently the largest US dollar clearer in the World, moving more than USD 2,33 trillion per day.