OREANDA-NEWS. September 03, 2008. Every year, JP Morgan Chase Bank defines best financial institutions throughout the world among its 6,000 thousand correspondent banks. Alfa-Bank has qualified for this award for the 6-th year in a row, reported the press-centre of Alfa-Bank.

"Our Elite Quality Recognition Award is a testimony of the fact that Alfa-Bank’s quality level in making out its payment orders is up to the mark, — confirmed Alexander Botsiev, JP Morgan Vice President, Head of Financial Institutions, Russia and CIS. — The winner is decided automatically through assessment of the quality of customer payments with straight-through processing (rectification noninvasive), which goes beyond 99% in Alfa-Bank.

There are just about 200 banks in the world qualifying for this kind of award, and I am confident that this is a great success of Alfa-Bank".

"We are very mindful of the requirements set by Swift STP Rules. Our work system is built to secure maximum automation level, thus making it possible to exclude all operational delays. Certainly, the high-quality and speedy payments go to the benefit of our customers", — underlined Valery Novikov, Alfa-Bank’s Deputy Chief Operating Officer, Senior Vice-President.

JP Morgan Chase Bank is one of the world leaders in corporate and individual investment, banking and financial services, and asset and liability management, with its assets over USD1.8 trillion.