OREANDA-NEWS. November 01, 2011.Every year, on the basis of an analysis, JPMorgan Chase ranks its correspondent banks in terms of settlement efficiency in US dollars. In 2011, the Bank of Moscow has received an award for exceptionally high quality payments in US dollars, over 99% of which are made in automatic regime.

The Bank of Moscow received a JP Morgan Chase award 10 times in a row, 6 of them the Elite Quality Recognition Award.

"JPMorgan Chase determines its best correspondent banks from Europe, the Middle East and Africa. The given award is indisputable evidence of the high level of professionalism of the Bank of Moscow staff", commented Tatyana Miruk, Vice President — Director of the Operations Department of the Bank of Moscow.