N e w s

The branches of the Savings Bank have concluded and taken into account 100 contracts for the purchase of 27 tones of gold. The largest volume of the concluded contracts/more than 80%/ is shared between the Magadan, Amursk, Irkutsk and Saha branches of the Savings bank as it was reported by the press-service of the Savings Bank.

Credit ruble and currency agreements with miners are being operated in 17 gold-mining regions. Besides that, the Bank sings contracts on purchase of gold and silver nuggets.

As noted in the report, for the first time in the current year the Russian Saving Bank is providing medium-term credits aimed at the update of technical and material resources of the largest and most prominent gold-mining enterprises. In 2000 gold miners of the Russian Far East regions were given medium-term credits with the simultaneous conclusion of 3-year contracts on purchase of 6.5 tons of gold nuggets from 2001 and 2002 seasonal output.



Source: Prime-tass