By the end of May the division was actively engaged in operations involving precious metals and in June sold close to 4 tons of gold and 30 tons of silver. Alfa-Bank bought precious metals from prospectors and on the inter-bank market.
Alfa-Bank currently works with various gold mining companies located in Magadana, Yakutia, Irkutsk region, the Urals, and Bashkortostan. Other Alfa Group companies, such as Alfa Leasing, provide service to these mining companies.
Dmitri Parmeshin comments, “The Alfa-Bank branches of Irkutsk, Saint Petersburg, Ekaterinburg, Novosibirsk, Khabarovsk, and Bashkortostan actively participate in the market for precious metals. The branch network and the quick management of accounts allow Alfa-Bank to maximize service to mining companies, clients, and other banks engaged in precious metals.”