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IBA increases gold reserves by 3.5 times

IBA increases gold reserves by 3.5 times

17 December 2012 10:50 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. International Bank of Azerbaijan’s deposits on Gold Deposit product rose 3.5 times to AZN 1.5 mln. Bank says it offered Gold Deposit product in November, 2011.

Gold deposits service allows clients, who prefer reliability and stable revenue, to place deposit in gold virtually. No commission is required for opening of account.

Minimum sum of this deposit is 1 troy ounce (31.1035 grams). The term is from 3 months to 12 months. Interest payment is conducted at the end of the period. Besides,

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