AstroBank (former Piraeus Bank Cyprus)

Beginning of cooperation Last contact Last update
February, 2008 October, 2017 March, 2017

GSL reference about the bank

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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
    2 475 8 4 278 CCC
    Year of foundation 1916
    History Established in 1916 as Banque du Piree SA. Since 1918 it has been listed on the Athens Stock Exchange. Since 1975 the bank has been under the control of the Greek State. In December 1991 it was privatized and changed name as above. In June 2000 Xiosbank SA and Macedonia Thrace Bank SA merged into Piraeus Bank SA. In December 2003 ETVA Bank (Helenic Industrial & Development Bank) merged into the above. The bank has a representative office in Moscow
    Personnel English, German, Italian, French, Russian, Ukrainian, Armenian and Serbian speaking customer relationship officers
    Bank’s shareholders Piraeus Bank SA (Athens Greece) - 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
    100 No restrictions No restrictions
    Transactions permitted per month The bank does not limit the number of transactions
    Initial deposit of funds, € Not required, but it is required to transfer EUR 100 (this sum is not blocked) to activate the account
    Deadline for the initial deposit, month If there is no money in the account for 3 years, the bank may close it
    Minimum turnover, €/year No requirement for minimum turnover
    How fast payments are executed Same Day Value – no additional charge. Cut-off times for same day execution: USD – 18:00 Moscow time; EUR – 17:00 Moscow time)

    Tariffs and services

    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    75 20 150 1 000 1 000
    Outcoming transfer, € 0.15% (min. EUR 5, max. EUR 500). Internal Transfers: EUR – no charges; other currencies – 0.15% (min. EUR 5, max. EUR 200)
    Incoming transfer, € Transfers in EUR: up to EUR 1 000 – no charges; from EUR 1 000.01 to 5 000 – EUR 2; from EUR 5 000.01 to 50 000 – EUR 10; from EUR 50 000.01 and over – EUR 20. Transfers in other currencies: up to EUR 1 000 – EUR 3; from EUR 1 000.01 to 5 000 – EUR 10; from EUR 5 000.01 to 50 000 – EUR 15; from EUR 50 000.01 and over – EUR 25. Internal Transfers - Transfers within Piraeus Bank – no charges
    Account maintenance, €/year EUR 150 per annum (corporate account); EUR 80 per annum (personal account)
    Payment limit for credit cards, €/day No limit, but bank recommends to indicate EUR 10 000; debit cards – daily limit from EUR 1 000 to 20 000 (Visa Platinum)
    Funds to be blocked for CC issue, € EUR 1000 (debit cards); double cover of fixed payment limit (credit cards)
    Distant access to the account Internet banking (digipass or SMS), fax
    Financial products Personal banking, corporate and commercial banking, professional investment, wealth management services, banking services of deposits and loans
    Credit/debit cards VISA
    Hold mail EUR 100 per annum (corporate account); EUR 75 per annum (personal account)

    Account opening procedure

    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    1 7 Necessary Sketchy Current
    Visit to the bank Not required
    Required Bank application forms; copy of the national passport (i.e. proof of residential address) and the passport for traveling abroad, KYC (business description, source of funds); corporate documents (corporate account). Bank reference for beneficial owner (from any bank).
    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
    Chances to open an account Predictable
    Business description Relatively detailed: in addition to the description of the business, the origin of funds needs to be disclosed
     
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