OREANDA-NEWS. On January 09, 2007 at Sberbank's Central Head Office in Moscow, a delegation of JPMorgan Chase Bank, USA, headed by Mr. Natarajan Sethumadhavan, Senior Vice President, Head of Financial Institutions EMEA, Treasury Services, presented to Sberbank, a "2006 Quality Recognition Award", for the achievement of high quality of the US Dollar payments routed through Sberbank's Nostro correspondent account at JPMorgan Chase Bank during the year 2006 and throughout 2001-2006, reported the press-centre of Sberbank.

In previous years JPMorgan Chase Bank has also honoured Sberbank for high quality of payment formatting, exceptional STP rate and proper utilisation of other banking products.
Such international awards serve as an obvious recognition of Sberbank's success in perfecting the quality of payment formatting, employment of efficient settlement techniques and permanent attention to the needs and requirements of its customers.