News of the Bank

If demand for gold is preserved as it is today, PRAVEX-BANK is going by the end of 2007 to reach the sale index 10 tons

For August 2007 PRAVEX-BANK sold more than 14,4 tons of precious metals. As of 1 September 2007 PRAVEX-BANK actualized almost 5,5 tons of precious metals among which gold and silver prevailed that in comparison with similar period 2006 (actualized 2,9 tons) sale bulk increased on 90%. It is important to note that for eight months of 2007 PRAVEX-BANK sold one ton of precious metals more than for the whole previous year (in 2006 precious metals sale bulk made up 4,5 tons).

Such increase of precious metals sale is connected with active policy of the Bank, aimed at conquering of precious metals market and also flexible tariff policy, compromise price setting for any category of clients, and sale increase at all territory of Ukraine, especially in regions.

"We would like to note a high level of sales for August, despite business activity decrease as a result of summer season. This fact has not prevented us from sales bulk increase in August two times in comparison with previous months. Till the end of this year PRAVEX-BANK is going to sell some 5 tons of precious metals more and reach the figure — 10 tons", — noted Semion Babayev, Head of Banking metals Department of JSCB "PRAVEX-BANK".