MOSCOW Feb 3 Sberbank CIB, the investment and
corporate banking unit of Russia's largest bank Sberbank
, plans to supply a total of 20-25 tonnes of gold to
India this year, the bank said in a statement on Friday.
Sberbank CIB started gold supplies to Indian corporate
clients, who have the right to hold import operations with
precious metals, on Jan. 27. The bank plans to start exporting
silver to Indian clients at the end of the first quarter.
Sberbank CIB plans to supply a total of 50-60 tonnes of
gold to Asia in 2017, it added.
(Reporting by Katya Golubkova; editing by Polina Devitt)