VTB to work with precious metals in Azerbaijan

VTB Bank (Azerbaijan) has received a license from the Central Bank and the Ministry of Finance of Azerbaijan to work with precious metals. The license allows the bank to deposit, buy and sell precious metals, abc.az reports.

VTB clients in Azerbaijan will get an opportunity to open metal deposits, invest in precious metals, take loans with a deposit of metals, buy and sell ingots, collectioners and investment coins.

Yuri Yakovlev, the chairman of the board of VTB Bank (Azerbaijan), said that a set of new products in precious metals will be offered in the next few months. He called metals a very beneficial investment and a reliable method of keeping and increasing assets.