GLOBAL FINANCE NAMES VTB BEST RUSSIAN BANK 2009

PanARMENIAN.Net
03.02.2010 10:39 GMT+04:00

/PanARMENIAN.Net/ Global Finance has named VTB the 2009 Best Emerging
Market Bank in Russia, the bank’s press office said.

VTB is remarkable for contributing to bilateral trade between Russia
and CIS countries. It was also honored for efficient activities in
foreign exchange market and commercial financing.

Global Finance – a monthly magazine founded in 1987 – has a long
tradition in recognizing the best financial institutions in the
world and its awards have become a recognized and trusted standard
of excellence in finance. In selecting the winners, Global Finance’s
editorial team considers objective and subjective factors. Objective
criteria included growth in assets, profitability, geographic reach,
strategic relationships, new business development and product
innovation. Subjective criteria included the opinions of equity
and credit-rating analysts, banking consultants and others in the
industry, as well as corporate financial executives. The winners are
not always the biggest banks but, rather, the best banks – those with
the qualities that corporations should look for when choosing a bank.