OREANDA-NEWS. March 16, 2009. Moscow Government in the decree №121 of February 17, 2009 extended the IBA-Moscow status of “Moscow Government’s authorized bank” by 18 months, reported the press-centre of IBA.

The status of eight banks more was also prolonged (BINBANK OJSC, Bank VTB OJSC, ALFA-BANK etc.).

IBA-Moscow informs this prolongation proves the Government’s high trust in the Bank and confirms the fact the IBA-Moscow is a reliable business partner.

Institute of Authorized banks of Moscow Government was founded 17 years ago with the purpose of arranging business interaction between the city executive powers with commercial banks. IBA-Moscow is an authorized bank of the Moscow Government since 2004.