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Global Finance recognizes VTB as the best Russian bank

27 March 2009

VTB Bank is ranked number one for Russia in the category "Best Emerging Market Banks in Central and Eastern Europe" in surveys made by Global Finance, a reputable international financial magazine.

Experts' estimates were based on the selection criteria including growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovation in services.

A special survey of the banks in 22 emerging economies will be published in May. The awarding ceremony will be held this autumn in Washington at the regular annual meeting of the International Monetary Fund and the World Bank.

Global Finance has been highly awarding VTB for several years:  

  • In 2008, VTB was rewarded for the most efficient forex trading among Russian banks.
  • In 2007, the magazine recognized VTB as the best bank in the categories "Best Domestic Bank" and "Best Commercial Bank".
  • In 2006, Global Finance named VTB the best commercial bank in Russia. Besides, the Bank won the nomination "Best Underwriter in the Russian Market".
  • In 2005, VTB was recognized as the best commercial bank in Russia and won the nomination "Best Trade Finance Bank in Russia".    


For reference:
Global Finance has been published since 1987. It has over 250.000 readers in 108 countries. Among them there are chairmen of the boards of directors, presidents, general and financial directors, managers of funds and other financial institutions responsible for investment and strategic decisions for international corporations and financial institutes. Most of 8.000 key portfolio investors holding over 80% of all assets in professional management read Global Finance.

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