Russia’s Asian-Pacific Bank to supply its silver bullion to Kazakhstan
BAKU, Azerbaijan, May 30
By Nargiz Sadikhova - Trend:
Russia’s Asian-Pacific Bank signed an agreement with Kazakhstan Mint of the National Bank of Kazakhstan on supplying silver bullion bars to the latter, Trend reports with reference to the Asian-Pacific Bank (ATB).
The agreement oversees supplies of over one ton of silver.
The report said that Kazakhstan Mint will produce coins from the supplied silver meeting the highest Good Delivery London Quality Standard. The coins will subsequently be sold on local and foreign markets.
“We are glad that the geography of our cooperation is growing every year. The fact that representatives of large organizations of our and other countries choose the services and products of ATB is of great importance for us. Our task is not only to provide the best product, but also to build partnerships that will expand the scope of interaction and strengthen business cooperation,” ATB’s Head of Work with Precious Metals Department Artem Yevstratov said.
The company’s report also said that this transaction may help ATB’s upcoming cooperation with the Kazakhstan Mint both in the framework of operations for the sale of precious metal bullion and in the field of trade in precious metal coins.
Asian-Pacific Bank provides full range of banking services to more than 800,000 individuals and 18,000 SMEs and corporate customers as well as financial institutions. The Bank was established in 1992 as Amurpromstroybank and rebranded in 2006.
Kazakhstan Mint was created in 1992 year to produce State orders for National Bank and President Administration of the Republic of Kazakhstan on coins production of national currency and State awards of sovereign Kazakhstan.
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