OREANDA-NEWS  On 27 February was announced, that according to resolution # 121-ПП dated February 17, 2009 Moscow Government extended for 18 months the status of “Moscow Government Authorized Bank” for the following banks:

B&N Bank

VTB Bank

Bank ZENIT

The International Bank of Azerbaijan – Moscow

Alfa-Bank

Independent Building Bank

Bank Petrocommerce

Uniastrum Bank

Initially B&N Bank was put on the list of Moscow Government authorized banks in November, 2002 according to resolution of Moscow Mayor related to development of Moscow Government authorized banks system. Today this system integrates the banks which are interested in cooperation with Moscow Government in the sphere of economic and social programs. Thus, in the framework of these programs the authorized banks are able to expand their housing/utility payment services, develop social mortgage projects and participate in other special governmental projects.

In order to confirm its status B&N Bank will submit its special cooperation program with Moscow Government to the City Department of Finance for further registration.