OREANDA-NEWS. July 24, 2009. For the 8th year running, the Bank of Moscow has received the Quality Recognition Award from the American bank J.P. Morgan Chase Bank for high quality payments among Russian correspondent banks.

"Over 99% of international payments are made automatically. Only a few banks in the world can pride themselves on such figures", noted Pavel Gorbatsevich, Vice-President of the Bank of Moscow. "The result that the Bank of Moscow has achieved for several years running now is based, on the one hand, on the Bank’s high technological standard and, on the other hand, on the professionalism and responsibility demonstrated by its staff".

The Bank of Moscow has a broad correspondent network consisting of over 110 financial institutions and, in addition to Russia, embraces virtually all countries of Europe and North America, as well as developing countries. More than 100 Russian banks hold correspondent accounts with the Bank of Moscow.