With the help of the new service in the VTB Business online bank, clients can buy and sell impersonal metal at any time. Quotes are provided in grams per rubles without volume restrictions. OMO holders can also track balances and receive account statements online.
Any medium and small business client of VTB can open an impersonal metal account by contacting the bank's corporate client service department. Legal entities and entrepreneurs have access to OMOs in gold, palladium, platinum and silver.
"An impersonal metal account is a good opportunity to diversify the portfolio of funds for entrepreneurs and receive additional income due to the increase in the value of precious metal. Given the interest of clients in alternative instruments for placing funds and protective assets, we have implemented a simple and accessible service for buying and selling metals in the online bank for business. We expect that it will be in demand both among companies operating in the field of subsoil use, and among a wide range of clients who are planning to open an OMO in the bank," said Spartak Solonin, Head of the Corporate Digital Business Department – Senior Vice President of VTB.
The service, developed by the VTB corporate investment business team, allows clients to conclude transactions with impersonal metal in digital format, which helps to optimize time costs. In addition, current quotes for precious metals are available to clients in the online bank when concluding transactions with OMOs, which allows them to track their value online and make transactions at the most favorable rate for the client.
VTB Business online bank for servicing entrepreneurs was created on a unique omnichannel platform that allows seamless customer service in all channels. Users have access to more than 60 online banking and non-banking products for business.