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Relationship was terminated
We got acquainted with the bank in May 2000, soon after a separate legal entity for handling private transactions had been singled out of the Bank of Austria, the largest banking group of Austria.
There were construction works still in progress within a new building of the bank, and we might well be the first introducers of that newly made financial institution and, by far, the first Russian lawyers to enter into relationships with that bank.
It was may be due to the fact that we were the first, that we were closely scrutinized (in the good sense of the word) during the interview with the bank management (by the way, out of five interviewers two were the members of the Board of the Bank of Austria and Creditanstalt). In two weeks we were cleared as professional intermediaries of the bank to work for individual clients and on condition of the client’s personal visit to the bank. Accounts for offshore companies were out of the question though (and it quite corresponds to our notes regarding the policies of Creditanstalt).
During the following years the bank’s owners changed more than once and today it is part of UniCreditGroup, which is quite active in the Russian market. In October 2009 the bank was taken over by Bank Privat AG Bank Austria
Relationship was terminated
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