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Mr. Natarajan Sethumadhavan, Senior Vice President, Treasury and Securities Services, congratulated Alfa-Bank which had been named “one of the best” banks among all correspondent banks of JP Morgan Chase Bank throughout the world in terms of the quality of USD clearing payments for the year 2004. Alfa-Bank has qualified for this award for the 5nd year in a row, which makes it even more valuable taking into account the significant Y-o-Y increase in the volume of transactions. The “Elite” characteristic of the award is a testimony to the fact that the straight through processing percentage goes beyond 99%.

Maxim Topper, Head of International Banking and Financial Institutions at Alfa-Bank, is in charge of managing the Bank’s global correspondent banking network and developing its international operations in trade finance and capital markets. “For 5 years in a row Alfa-Bank is consistent with the highest global standards of quality”, — says Mr. Topper. “We have at our disposal the most recent IT developments and very professional team of specialists”

Earlier this year, Alfa-Bank received the Operational Risk Achievement Award 2005 for “Operational Risk Framework at a financial institution based in an emerging market” from Operational Risk Magazine.

Alfa-Bank has won numerous awards, including Global Finance’s Best Retail Bank, Best M&A Advisor, Best Trade Finance in Russia 2004 and Best FOREX Bank in Russia 2004-2005, Best Russian Bank 2003, Euromoney’s Best M&A House in Russia 2004 and Best Bank in Russia 2002, The Banker’s Bank of the Year 2000.