OREANDA-NEWS. SB Bank has obtained a license of the Bank of Russia №2999 as of 28 October 2013 for precious metals attraction to deposits and placement of precious metals. It will make possible for the Bank to offer its clients (individuals as well as legal bodies) a number of new services.

In accordance with the obtained license SB Bank plans to conduct various transactions with precious metals, i.a. to purchase and sell them, to attract precious metals to deposits (on demand and for a term) of individuals and legal bodies, to provide special credit products in precious metals or on the security of precious metals.

“Among the priority targets of the bank there is an aim to provide our clients with an access to all necessary and worldwide spread financial services - SB Bank CEO Andrey Egorov comments - Nowadays, when rate fluctuations are considerable and macroeconomic risks are high and numerous, transactions with precious metals can become reasonable and appropriate way out. It will let our clients diversify instruments of funds saving and protect them from inflation negative effect.”