Bank of Moscow Become Winner of Surplus Funds Placement
OREANDA-NEWS. October 6, 2008. The Bank of Moscow has become one of winners of the awards for placing of temporarily surplus funds of the Moscow budget. This event has been organized by the Moscow City Finance Department to select banks-participants to attract temporarily surplus funds of the Moscow budget for the next three years, and the results of the awards have been made known to public lately.
The committee when selecting winners has taken into account a number of parameters, in particular, the capital of the banks, ratings of banks, and qualitative indices in operating of finance institutions. It is now the second time when the Bank of Moscow has become a winner of a similar event for placing of temporary surplus funds (the first time such an event has taken place in 2005).
Noteworthy that in addition to that the Bank of Moscow is a participant of auctions for attracting funds of the Federal Budget to banking deposits which is organized by the Ministry of Finance of the Russian Federation. Also, the Bank of Moscow ranks among financial institutions which have been selected by GK Rosnanotekh, GK Olympstroi and the Housing and Public Utilities Reforming Assistance Fund, for taking part in auctions for placing of temporarily surplus funds.
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