AP Anlage & Privatbank AG

Relationship was terminated

GSL reference about the bank

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“You won’t tell my mum, will you?”– these were the closing words of a TV commercial of Parex Bank, the only financial institution in the offshore industry which I had known before I went into this business myself in the very early 1990s. What can I say about this bank which is not yet known? Shall I say that Parex Bank was the first private bank in the post-Soviet territory, or that it was the first Baltic bank to offer in the Russian market financial services of certain kind and then was the first one to stop this practice? Or shall I say that the substances Due Diligence and Parex Bank were of fundamentally different origin, but that now, after the admission of Latvia to the EU, even most demanding compliance officers of world’s leading banks can envy the bank’s stringent Know Your Client policy? Or shall I say that in 2007 Parex Bank registered its subsidiary bank in Switzerland, and in 2008 declared its nationalization? Did you know all that? Then we look forward to the news from Parex Bank itself. And such news will follow, I am sure.
You may ask, ‘How is it all related to AP Anlage & Privatbank?’ It is a direct – 100 per cent –relation. But will it last?
Following the restructuring of Parex Bank in 2010 and establishment of Citadele Banka, whose shareholders are the State of Latvia and the European Bank for Reconstruction and Development (EBRD), AP Anlage & Privatbank AG has now become the 100% subsidiary of Citadele Banka.

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    Bank's characteristics

    General information and rating

    Global rating Countrywide rating Countrywide rating of the head bank Global rating of the head bank Credit rating
    5 955 215 B
    Year of foundation 1995
    History AP Anlage & Privatbank AG (Bank) was founded in 1995 by German Hypo Bank (Munich). In 2004, Parex Bank (Riga, Latvia) acquired AP Anlage & Privatbank and introduced the Bank into Parex Group. After the reconstruction of Parex Bank in 2010 and establishment of a new Citadele Banka, whose shareholders are the Latvian State and European Bank for Reconstruction and Development (EBRD), AP Anlage & Privatbank became a 100% subsidiary bank of Citadele Banka
    Personnel The bank has Russian-speaking staff
    Bank’s shareholders JSC Citadele banka (Riga Latvia) - 100%
    Confidentiality Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.

    Minimum requirements

    Minimum balance, € Transactions permitted per month Initial deposit of funds, € Deadline for the initial deposit, month Minimum turnover, €/year
    N/A N/A N/A N/A N/A

    Tariffs and services

    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    N/A N/A N/A N/A N/A
    Distant access to the account При осуществлении любых операций с Банком, за исключением открытия счетов, когда клиенты AP Anlage & Privatbank должны посетить Банк или встретиться с представителем Банка, клиенты имеют возможность управлять своими расчетными и инвестиционными счетами, используя срества факсимильной связи. Для того, чтобы управлять своим счетом вне Банка, клиентам предоставляется специальное кодирующее устройство, которое генерирует уникальные ключи, заменяющие собой подпись клиента.
    Financial products AP Anlage & Privatbank является традиционным швейцарским частным банком, ориентированным на индивидуальное обслуживание, управление активами и консультации по инвестиционным вопросам
    Credit/debit cards Карты VISA (Classic / Premiere / Prepaid); MasterCard (Classic / Premiere); American Express

    Account opening procedure

    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    14 14 Not necessary Detailed Savings & current
    Visit to the bank A meeting with a banker is necessary either in Moscow or in Switzerland
    Required Заполненные банковские формы; копия паспорта клиента; резюме клиента; стандартный комплект корпоративных документов
    Types of accounts Personal; Corporate; Savings; Current
    Opening procedure and Due Diligence It is possible to open an account without visiting the country where the bank is located; It is possible to open an account without meeting the banker
    Chances to open an account Predictable
    Business description В меру подробное
     
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