CREDIT BANK OF MOSCOW awarded for information openness and business transparency
21.09.2005
On 21 September Credit Bank of Moscow was awarded the status of “Super-Transparent Bank”, as a result of a survey conducted by the Centre of Economic Researches of Moscow Financial and Industrial Academy. Credit Bank of Moscow took the 2nd place in the list of first-rate Russian banks.
The analysis was based on foreign researches, arguing that transparency banks are less exposed to breakdowns and enjoy an access to cheaper resources due to the high informational openness. Besides, in the research arranger’s opinion, transparency stimulates reduction of transaction costs and growth of confidence to the financial institution from customers, partners and general public.
The underlying principles of Credit Bank of Moscow are openness and reliability of information shared with its clients, partners and shareholders.