OREANDA-NEWS. April 13, 2012. At the end of March 2012, Bank Petrocommerce was nominated for the 2012 Russian Financial Elite award in the factoring category ("Reliability" nomination). The award committee selected four potential winners based on the analysis of branch rankings and reliability ratings assigned by its official advisor — Expert RA. The data provided by Standard & Poor’s and Fitch rating agencies, the Association of Russian Regional Banks, the National Insurance Guild, the Association of Factoring Companies were also taken into account.

"We are grateful to the award committee for high appraisal of the Bank’s performance for this category, — said Alexander Morozov, Head of Factoring Department of Bank Petrocommerce. — Factoring is one of our business priorities: as of year-end 2011, the Bank ranked 4th among Russia’s largest factors in terms of financing volume. We intend to move forward to top 3".

The winners will become known in the first half of June. The 8th Awards Ceremony will traditionally be held in the Reception Hall of the Ministry of Foreign Affairs of the Russian Federation.