Clients "IBA-Moscow" will be placed on deposit valuables

Bank "IBA-Moscow" was licensed by the Central Bank of Russia to attract deposits and placement of precious metals in connection with the extension of.

As the press service of the Moscow office of the International Bank of Azerbaijan (http://www.ibamoscow.ru/25/676), LLC "Bank" IBA-Moscow "has acquired the right to conduct operations with precious metals, including their involvement in deposits and accommodation in accordance with the legislation of the Russian Federation, thus expanding the range of services provided to the customers of a financial institution.

The license of the Central Bank of the Russian Federation is entitled to perform all kinds of operations with precious metals and coins made of precious metals of foreign issuers. In the near future, "IBA-Moscow" the development and implementation of new banking products in precious metals, which, in turn, provide the bank's customers additional opportunities for diversification of financial instruments for the conservation and enhancement of cash.

"The license will expand the range of financial services and a range of tools to protect customers' investments against possible risks of financial market fluctuations and inflation. In addition, the bank intends to place precious metals on deposit accounts held with other banks, as well as provide loans in precious metals, "- said in a statement.

It is the first bank (opened in 2002) with 100% Azerbaijani capital in Moscow, opened with the support of official Baku. The sole shareholder of the Bank "IBA-Moscow" is the International Bank of Azerbaijan (IBA), founded in 1992 based on the republican branch of Vnesheconombank of the USSR.

The authorized capital of the Bank Ltd. "IBA-Moscow" is 856 million 110 thousand rubles of the Russian Federation. The owner of 50.2% of the shares - the State Property Committee of Azerbaijan. - 17D-