OREANDA-NEWS. April 17, 2008. Winners of Financial Elite of Russia, the IV largest national premium in the financial area, were awarded in the Reception Palace at the Foreign Ministry Diplomatic Corps. MC of the Bank of Moscow received the Grand Prix of the Awards as the best Management Company of the year.

The Financial Elite of Russia Awards is held with the expert and consultation support of the Counting House of the Russian Federation, the Ministry of Finance of the Russian Federation, the Central Bank of the Russian Federation, Association of the Regional Banks of Russia, the National League of Managers, the National Rating Agency, etc.

According to the Awards organizers, acknowledgment of MC of the Bank of Moscow as the best management company of 2007 proves the company’s top positions in the collective investments market. Despite the complicated situation in the share market in 2007, MC of the Bank of Moscow obtained perfect results: the volume of funds managed by the company made to increase by 46.8%, and the net cash inflow in the company’ share funds exceeded 2.2 billion rubles in 2007, which is 18% of the net attracted volumes relating to the open and interval funds market as a whole. The market share of MC of the Bank of Moscow increased from 5.07% to 6.27%. The number of non-zero accounts of shareholders reached 40 000 to the end of the year (which is 10% of the total number of retail shareholders in the collective investments market).

"The Management Company of the Year Grand Prix is a merit of all our team. Our victory in this contest confirms the company’s significance in the market, — Elena Kassianova, DirectorGeneral of MC of Moscow, saidat the festive awarding ceremony, — at the same time, this victory can become impetus to the further improvement of business processes: our maximum efforts aimed at making investment on the share market, which has always been considered an elite service, as much comfortable as possible and accessible to the great majority of Russian people".