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FABRUARY 7  


The "Kredittrust" Bank has approved the development programme of operations with precious metals

The bank plans working with the industrial units the annual turnover of which amounts to not less than $1,5 mln. Special attention will be paid to the development of precious metals mining new projects. The volumes of precious mining financing in 2003 will hardly exceed $20 mln. This year the bank is expected to become a large precious metals market participant.

The bank's turnovers of the operations with precious metals in 2003 are expected to total not less 5-10 tons of gold ($50 - 100 mln).

In the nearest future the bank will obtain the licenses for precious metals export.


Source: IA "Finmarket"
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