BNP Paribas (Suisse) SA

Beginning of cooperation Last contact Last update
March, 2002 October, 2018 July, 2018

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
    456 10 1 3 A
    Year of foundation 1872
    History BNP’s history dates back to 1848, when Comptoir National d’Escompte de Paris and Comptoir National d’Escompter de Mulhouse were founded. Paribas’s history goes back to 1872, when Banque de Paris et des Pays-Bas (from which the second half of the name originates) was formed following the merger of Banque de Paris, established in 1869, and Banque de Crédit et de Dépôt, established in 1863 in Amsterdam. В 1968 it became a subsidiary of Banque de Paris et des Pays-Bas (Suisse) SA. In 1984 the name changed to Banque Paribas (Suisse) SA. In October 1994 it took over Paribas Privatbank SA. In January 1999 the name changed to Paribas (Suisse) SA, and in May 2000 – to the existing one. In March 2001 merged with United European Bank (established in 1961). In October 2006 took over UEB (Switzerland). In April 2007 merged with Lavoro Bank AG, and in May 2010 – with Fortis Banque (Swisse) SA
    Personnel The bank has about 850 staff. There are Russian-speaking officers
    Bank’s shareholders BNP Paribas SA (Paris France) - 99,99%
    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
    0 No restrictions 20 000 000
    Transactions permitted per month The number of transactions is not restricted. But it should be noted that the bank does not make money on wire transfers. Its income flows from the interest on credits to replenish floating capital
    Initial deposit of funds, € No initial deposit is set
    Deadline for the initial deposit, month There are no deadlines for making a deposit, but if the account remains inactive for long, the bank may want to close it
    Minimum turnover, €/year The bank specializes in trade finance for export operations involving raw materials and other commodities. The minimum annual turnover of the account must be over USD 20 000 000
    How fast payments are executed The value date is the next day (express payments) and third day (ordinary payments)

    Tariffs and services

    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    50 0 250 0 0
    Incoming transfer, € There are no charges on incoming transfers
    Account maintenance, €/year The account maintenance fee is EUR 250 per year
    Distant access to the account The bank has on-line banking system designated to inform the user of the state of the account. The ordinary means of communication with the bank are also available
    Financial products The bank is reluctant to work with products other than export credits (and ancillary products such as letters of credit, guarantees etc)
    Credit/debit cards Since the bank specializes in trade finance, it issues bank cards by opening savings accounts at its subsidiary

    Account opening procedure

    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    case by case case by case Necessary Sketchy Current
    Visit to the bank A visit to the bank is obligatory. Or one may wait for the banker to visit Moscow instead. The bank’s representative visits Moscow several times a month
    Required Apart from the standard due diligence documents (passport copy certified by GSL, proof of address, and apostilled set of corporate documents), the bank also requires apostilled and signed bank forms. The list of documents the bank asks to provide is specific to the applicant’s business (contracts and other commercial documents, CMRs etc)
    Types of accounts Personal; Corporate; 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