Free press releases distribution network?

Agency / Source: AsiaUniversalBank (AUB)

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



OJSC 'Asia Universal Bank' Acquires Precious Metals Trading License - OJSC “Asia Universal Bank” became one of the two banks in the Kyrgyz Republic to hold a full license to trade in precious metals - AUB.kg
OJSC 'Asia Universal Bank' Acquires Precious Metals Trading License

 

PRZOOM - /newswire/ - Bishkek, Kyrgyz Republic, 2009/07/01 - OJSC “Asia Universal Bank” became one of the two banks in the Kyrgyz Republic to hold a full license to trade in precious metals - AUB.kg.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Under the terms of the license, AUB can provide its corporate and private clients with a full range of services regarding precious metals trading and other related operations. These include the purchasing and selling of ingots, financial operations on precious metal accounts, accepting precious metal as collateral against loans, the purchasing and distribution of commemorative coins, and futures trading on precious metals. As a result, AUB (aub.kg) has considerably expanded its range of services for both domestic and international clients.

“This expanded range of banking services means the bank can enter new markets and service new clients,” – says Mikhail Nadel, the Chairman of the Board of Directors, AsiaUniversalBank, “We are a universal bank committed to provide the widest range of services to our clients, and this license is a sound confirmation of this commitment. We therefore enter the market of precious metals and contribute to its trade and market development, primarily in the Kyrgyz Republic”.

Prices of precious metals are relatively less vulnerable to market volatility making investment in these assets more reliable in the long term. In the Kyrgyz Republic, gold exports are one third of the general export figures in 2009. However, precious metals are not yet fully recognized as a reliable investment instrument. Consequently, the market for precious metals and commemorative coins is still relatively underdeveloped. Banks with large domestic branch networks, such as AUB, increasingly engage in precious metals operations, and this market is expected to grow. Trade in precious metals will contribute to the further strengthening of financial intermediation, investment flows, and economic growth in the Kyrgyz Republic.

“Currently, the Kyrgyz Republic has certain legal limitations on precious metals operations. In particular, Kyrgyz banks are not allowed to operate with ingots which do not meet the requirements of international standards as issued by the London Association of Precious Metals, and are not supplied with a manufacturer’s certificate. In addition, while banks can engage expertise to assay precious metals, they are not authorized to issue certificates for metals intended for delivery to third parties. However, banks are permitted to accept precious metals as collateral against loans or as an instrument for saving,” - says Bakyt Zakirov, Deputy Chief Executive Officer of Law.

“Our clients can use precious metals accounts to minimize their risks, which is very important. The accounts make sense as inflation proof investments, as client risks are primarily associated with the world prices for precious metals, not on the economic situation in the country or its national currency exchange rate which is determined by both macro and micro economic factors. Thus our clients have an opportunity to diversify their investment portfolios and reduce general risks” - adds Nurdin Abdrazakov, Chief Executive Officer, AsiaUniversalBank.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: AsiaUniversalBank (AUB)

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


OJSC 'Asia Universal Bank' Acquires Precious Metals Trading License

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Alexander Filimonov - AUB.kg 
+996 (312) 311-555 afilimonov[.]aub.kg
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any AsiaUniversalBank (AUB) securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From AsiaUniversalBank (AUB) / Company Profile


Read Financial/Legal/Venture Most Recent Related Press Releases:

Societe Generale Group has Agreed to Sell the Entire Stake of Boursorama in Onvista AG to Comdirect Bank AG
Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today