Friday, July 20, 2018

Nomos Bank buys 500 tons of precious metal in 2013

Nomos Bank announced earlier this week that it strengthened its position in the precious metals market during 2013 by purchasing approximately 500 tons of precious metals.

During the year, the company purchased 99.6 tons of gold bullion, 37.8 percent more than in 2012. Moreover, the company purchased 399.5 tons of silver bullion, an increase of 24.2 percent over the previous year.

The majority of precious metals acquired by Nomos Bank in 2013 came from various Russian subsoil and credit organizations.

As a result of its increased holdings in precious metals, the bank has launched a program to allow customers to trade precious metals for currency over its online banking system, Nomos Link. Nomos Bank was recognized in 2013 as Russia's best bank on the precious metals market.