OREANDA-NEWS. May 10, 2013. Russian Agricultural Bank (RusAg) received the license for attraction into deposits and placement of precious metals issued by the Bank of Russia.

The license gives RusAg the right to carry out all types of transactions with precious metals and foreign coins made of precious metals.

In Q2 2013, RusAg plans to offer new precious metals products to individual clients both in the form of physical metal and unallocated metal accounts. This will provide the Bank’s clients with additional instruments allowing to save funds and offset inflation.