Otkritie FC Bank was recently named the Best Russian Bank in the precious metals market for 2014.
This marks the eighth year in a row the bank has been given the title.
The bank also won Best Bank Client and Best Coin Dealer at this year’s Russian Bullion Awards.
Svetlana Lekareva, the head of trading in financial markets for Otkritie FC Bank was also named the best dealer of precious metals in the domestic market.
Voters were able to select their top three winners for each category.
Otkritie FC Bank has a substantial presence in Russia, and it continues to grow. The bank works with almost one-third of the gold mining companies in the country and bought 92 tons of gold bullion in 2014 -- 16 percent more than last year.
The company’s operations turnover was at $35.7 billion as of Oct. 31, 44 percent higher than 2013.
About 400 people attended the awards ceremony, which was sponsored by Gokhran of Russia and the Russian Union of Gold.