Transactions with metals
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The Bank successfully commenced its transactions with precious metals in June 2002. Performing all types of transactions with precious bullions in the full conformity with world standards and the practices adopted in civilized countries, CB Nadra, OJSC, enjoys the same level as the well-known international financial institutions.
The license from NBU allows the Bank to carry on transactions with precious metals both in domestic and external markets.
As per the world’s standards and the laws of Ukraine, evidence of the quality of the precious bullions is a quality certificate – a written document or an imprint of refinery company.
Nadra Bank cooperates with the largest global scale refinery companies – Valcambi S.A., Argor Heraeus S.A. (Switzerland), Umicore AG (Germany) that are the members of London Bullion Market Association. Also, the Bank cooperates with well-known banks that are the operators of international precious metals market such as Standard Bank Plc (Great Britain), Commerzbank AG (Germany).
Presently, the Bank performs the following transactions with precious metals:
- sale and purchase of precious metals in the form measured bullions – today for today, with delayed payment and delayed receipt;
- stimulation of deposits in precious metals from individuals and legal entities;
- conversion of one precious metal into another;
- exchange of precious metal bullion(s) for bullion(s) of the same metal with lesser (bigger) weight;
- safekeeping of precious metals;
- lending of purchase of precious metals;
- lending against pledge of precious metals;
- purchase of precious metals from individuals and legal entities.
Presently, precious metals are the most reliable means of protection of savings against inflation: at the time of political, economical instability purchasing ability of monetary funds dramatically decreases, while the purchasing ability of precious metals growth. Therefore, in 2005, the price of gold on London Stock Exchange grew up by more than 20%, in 2006 the price of banking gold went up by 18%, and in 2007 the price of banking gold went up by 35%. In March, 2008 a price on gold attained a historical maximum in 1002,80 USD/oz.
Being an owner of a precious metal bullion you always can:
- sell your bullion to the Bank;
- compactly place your bullion in a safe or leave it for safekeeping with the Bank;
- present the bullion;
- export precious metals outside the customs territory of Ukraine (in the amounts not exceeding those established by the laws of Ukraine).
Placement of available monetary funds as precious metals is a reliable way to protect the funds against inflation without any risk of loss.
For deposits in gold, CB Nadra, OJSC, offers an interest rate of 4-5,5% per annum. Minimum deposit amount is 100 g of gold with an alloy of 999.9. Deposits are opened for a period 9, 12, 18, 24 months , at the end of which the deposit amounts and the interests accrued are returned in golden bullions.
As of 05.01.2009, Nadra Bank sales precious metals in more than 700 branches and points of sale all over Ukraine. For 2008, the share of Nadra Bank in realization of gold was more than 50% of the market of precious metals in the physical bringing among the other banks of Ukraine.
Last update 22.01.2009 
