OREANDA-NEWS. December 26, 2007. Starting from December 24, 2007, in the city of Sochi, any shares of the Bank of Moscow's Management Company can be paid off through the cash machines of the Bank of Moscow.

This service has been provided to simplify the process of shares repurchase, and since now a shareholder is not required, for this purpose, to visit the Bank of Moscow office. Payment for the investment funds shares can be made by means of plastic cards as issued by the Bank of Moscow. The way of payment is similar to that as used for payment for mobile communication through the Bank of Moscow cash machines. In section "Payments"/"Investment Funds" one should enter the number of share purchase application and the amount to be remitted as payment for the share.

If shares were purchased for the first time, a customer is first required to fill a standard set of documents at the Sochi branch of the Bank of Moscow for the investment shares purchase (including a share purchase application). Thereafter the payment for the shares can be made through the cash machines.

Yelena Kasyanova, managing director of the Bank of Moscow's Management Company, said: “We are, along with the entire country, in preparation for the Sochi Olympic Games. Last summer the Management Company of the Bank of Moscow has established a fund titled: " Sochi 2014 - Olympic Catalogue". At the time, the Sochi branch is the first, among regional divisions of the Bank of Moscow, starting selling shares through cash machines.

Oleg Bairamov, the director of the Sochi branch, said: “The Sochi branch holds the leading position in the area of introducing the plastic technologies in the region. At the time, 11 semi-functional cash machines of the Bank of Moscow are installed in Sochi including 5 machines offering 24-hours access; 5 stations for ATM cash disbursement through plastic cards are in service; a card service network has been developed within a trade and service network (acquiring). Three remote operating cash desks and an extra office can be used by customers. Now the shares of the Bank of Moscow's Management Company investment funds can be paid off through the cash machines. It is very convenient for customers because now any person can invest his capital without wasting much time by allocating the funds in the stock or money market by means of the investment funds.