Global Finance names VTB best Russian bank 2009

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.