Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.
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
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General information and rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
Established in 2000 by the largest bankng group of Austria with the view to provide "individual" services at the rates lower than those of the banking group itself. In October 2009 was taken over by Bank Privat AG Bank Austria
Personnel speak English, German, Italian
UniCredit SpA (Milan Italy) -99,996%
Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.
Minimum balance, €
Transactions permitted per month
Initial deposit of funds, €
Deadline for the initial deposit, month
Minimum turnover, €/year
Tariffs and services
Outcoming transfer, €
Incoming transfer, €
Account maintenance, €/year
Payment limit for credit cards, €/day
Funds to be blocked for CC issue, €
Distant access to the account
Personal banker. Work under 'personally knwon' system, which means fax messages to manage the account, confirmed by voice instructions. E-mail correspondence may be used to obtain any information and to give any instructions except to make transfers.
The bank may issue check books for EURO transactions
Account opening procedure
Days to open for incoming transfers
Days to open for outcoming transfers
Purpose of the account
Visit to the bank
Is a must
Photocopy of international passport and complete set of traditional Due Diligence documents
Types of accounts
Personal; Corporate; Savings
Opening procedure and Due Diligence
It is possible to open an account without meeting the banker