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Credit Bank of Moscow established correspondent relations with UBS AG, Stamford Branch (USA)

02.09.2004

UBS AG, Stamford Branch (UBS) has taken positive decision for establishing correspondent relations with Credit Bank of Moscow (CBM). After thorough analysis of CBM’s financial statements and other documents UBS has opened a correspondent banking account for CBM in its books.

CBM traditionally provides banking services of high quality to its customers to maintain their foreign-trade turnover with counterparties in Europe, Asia and the United States.

Expansion of the correspondent network enables CBM to offer its customers preferential conditions in international settlements and financing of their trade contracts.