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Areximbank-Group Of Gasprombank Offers Non-Material Metallic Account

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  • Areximbank-Group Of Gasprombank Offers Non-Material Metallic Account

    AREXIMBANK-GROUP OF GASPROMBANK OFFERS NON-MATERIAL METALLIC ACCOUNTS

    ARKA
    Sep 5, 2011

    YEREVAN, September 5. /ARKA/. Areximbank-Group of Gasprombank offers
    its clients a new method of maintenance of monetary means from currency
    risks - non-material metallic accounts (NMA), press-service of the
    Bank informed "ARKA".

    According to the press-release, the essence of the service is that
    the client can open NMA tying the amount on the account to the gold
    price, i.e. turning the money into "virtual" non-material gold.

    "The service NMA will give the client a number of advantages such as
    receiving income from price increase of gold, reduction of impact of
    currency rate variations, opportunity of avoiding risks of losses or
    theft, as well as significant economy of time for its implementation",
    states the press-release.

    Opening of metallic account is free and minimum account balance -
    zero grams.

    Calculation and conclusion of transactions of non-cash gold is
    implemented taking into account gold weight only of probe 999. Clients
    having NMA accounts can sell non-material gold to the bank any time
    according to the given exchange rate or transfer to the accounts of
    non-material gold of other banks.

    Areximbank-Gazprombank Group operates in the financial market of
    Armenia since 1998. It is the affiliate of Russian "Gazprombank". As
    of August 30, 2011 the Bank has served 54 341 clients, of which 52 506
    are individuals and 1 835 - legal entities. At present, the branch
    network of the Bank has 15 sub-divisions, of which 6 are in Yerevan
    and 9 - in different regions of the country.

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