Bakai Bank has launched a new service – depersonalized metal accounts. The service allows consumers to conveniently invest in grams of gold, silver and platinum. The depersonalized nature of the service means that consumers do not have to worry about transporting and storing metals. It also allows for easy and quick conversion into currencies. Although such accounts do not accrue any interest, consumers benefit from being able to convert metals into currencies at any time that is convenient to them, including when prices of the metals are higher than when they purchased them. Moreover, precious metals are generally a stable and reliable asset over longer periods of time.
Bakai Bank is the first in Kyrgyzstan to receive a license from the country’s national bank to operate such a service.