The delegation of JP Morgan Chase Bank headed by Mr. Stephen F. Wilder, Senior Vice President and member of the Board, presented the «Quality Recognition Award» for 2001 to Sberbank. As such Sberbank was recognized as one of the best correspondent banks for U.S. Dollar Clearing among all JP Morgan Chase Bank’s worldwide correspondents the number of which exceeds 6000 institutions.  
Mr. Wilder stressed that the reason for awarding Sberbank was it’s US Dollar payments 100 per cent STP rate in 2001. 
Such state of affairs demonstrates the continuous efforts of Sberbank to execute international settlements upon request of its customers - private individuals and legal entities - in the most efficient, i.e. timely and cost effective, manner.

International Relations Department