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Recognition of Quality

4 March 2002

Vneshtorgbank is the best Russian bank in straight through clearing operations. The recognition came from JP Morgan Chase Bank that has put Vneshtorgbank on the list of 200 of its best correspondent banks honored with "Quality Recognition Award" in appreciation of their excellence in dollar clearance. So far, Vneshtorgbank is the first Russian bank that has won such recognition.
On receiving the award on January 18 from Kris Meritzis, senior vice president, JP Morgan Chase Bank, A. S. Chernyshov, deputy chairman of the board, Vneshtorgbank (on the left), said that this recognition is another testimony to the fact that VTB is a first class Russian bank whose high quality performance and reliability correspond to the highest international standards of banking service.

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