The Ceremony

Komercijalna Banka received award "Best Bank in Macedonia for 2004 from financial magazine "Global Finance", which is presented for the first time in the country. The ceremony was held during the annual assembly of the International Monetary Fund, which celebrates 60th anniversary from its establishment, and the award was presented by president and magazine publisher Josef Jaraputo. The magazine elects the best banks at the new markets in Eastern Europe and Central Asia for the 11th time. HSBC was declared best bank for work with citizens, CITIGROUP for work with legal entities, while UBS for management with funds and services of natural persons. The criteria for election of the winners are increase of funds, profitability, strategic partnership, quality of services for clients, competitive position and introduction of new products. "Global Finance" has 50,000 subscribers and more than 252,000 readers in 158 countries. sks/ik/15:52/mia/MTnet/