OREANDA-NEWS. July 29, 2010. Every year, the major US bank JPMorgan Chase Bank analyses the annual results and determines, among its correspondent banks, the efficiency of settlements made in US dollars. The Bank of Moscow, for the 9th year running, has been recognised as one of the most technological banks in the world in terms of execution of payments in this currency.

The "Quality Recognition Award" ceremony was held at the central office of the Bank of Moscow. In a festive atmosphere, representative of JPMorgan Chase Bank Natarajan Sethumadhavan, Managing Director and Head of Subdivision for East European, Asian and African Financial Institutions, handed the deserved award to Bank of Moscow Vice President Pavel Gorbatsevich.

The management of JPMorgan Chase Bank stressed the modern technology and high professionalism of the personnel, as well as the business standards distinguishing the Bank of Moscow’s operations in the Russian and international markets.

"The quality of settlement services is traditionally one of the most important characteristics of a modern commercial bank, a factor attracting clients and banking partners", Pavel Gorbatsevich, Vice President of the Bank of Moscow. "We are delighted that, in this respect, the Bank of Moscow has been one of the best banking institutions in the world for many years now."