CIM Banque SA

Beginning of cooperation Last contact Last update
January, 2005 May, 2013 December, 2013

GSL reference about the bank

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Francesco Signorio, the President and major shareholder (as the bank’s website once indicated), visited GSL’s office in January 2005. We gathered from this meeting that the bank was founded in 1990 and changed its name to the existing one in 1993.
As it often happens, a number of staff on the Eastern European Desk (of Russian origin) came to the bank from the oldest Swiss player on the Russian market and therefore had considerable experience.
The bank to the present day remains oriented towards Russian market. Besides, it specializes in a sector which is rather rare among Swiss banks – Forex trading, and offers online trading via Meta Trader platform. And what sounds even more incredible, it offers leverage of 1 x 100. 
The bank does not open accounts to offshore companies

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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
    4 637 154 N/R
    Year of foundation 1990
    History It was founded in 1990 as Unibank (Suisse) SA and changed its name to CIM Banque in September 1993
    Personnel The bank has Russian-speaking staff
    Bank’s shareholders The bank is owned by 2 companies: Cofisi SA – 87.17%, Aurocofisi SA – 12.83%
    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
    17 000 1 No restrictions
    Transactions permitted per month The bank has no restrictions on the number of transactions
    Initial deposit of funds, € To activate the account, CHF 20 000 (or its USD or EUR equivalent) should be remitted
    Deadline for the initial deposit, month The initial deposit needs to be made within 1 month
    Minimum turnover, €/year The bank does not have the minimum turnover

    Tariffs and services

    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    86 123 380 N/A N/A
    Outcoming transfer, € The fee for outgoing transfers via e-Banking (payments from the EU, Switzerland) depends on the amount: up to 2 000 CHF – CHF 25; from CHF 2 000 to 5 000 – CHF 25; from CHF 5 000 to 20 000 – CHF 45; from CHF 20 000 to 50 000 – CHF 105; from CHF 50 000 to 100 000 – CHF 175; from CHF 100 000 to 200 000 – CHF 315; from CHF 200 000 to 500 000 – CHF 385; from CHF 500 000 to 1 000 000 – CHF 455; from CHF 1 000 000 to 1 500 000 – CHF 525; above CHF 1 500 000 – 0.045%
    Incoming transfer, € The fee for incoming transfers depends on the amount: up to CHF 2 000 – CHF 15; from 2 000 to 5 000 – CHF 30; from CHF 5 000 to 20 000 – CHF 50; from CHF 20 000 to 50 000 – CHF 100; from 50 000 to 150 000 – CHF 100; from CHF 100 000 to 200 000 – CHF 250; from CHF 200 000 to 500 000 – CHF 350; from CHF 500 000 to 1 000 000 – CHF 450; from CHF 1 000 000 to 1 500 000 – CHF 550; above CHF 1 500 000 – 0.033%
    Account maintenance, €/year The account maintenance fee is CHF 120 per quarter
    Distant access to the account The bank account can be operated via Internet (Digipass - 10 CHF). You can make transactions, as well as view the account, make transfers, do online Forex and futures trading, and give orders for securities transactions
    Financial products Financial and investment advice. Fiduciary management. Internet trading. Lombard credits
    Credit/debit cards Visa, Mastercard, American Express, Swiss Bankers Travel Cash

    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 Current
    Visit to the bank No visit to the bank is required, but it is necessary to meet the bank’s representative within 6 months of account opening
    Required Original or apostilled copies of corporate documents, company’s balance-sheet, apostilled copies of passports of shareholders, directors and signatories to the account
    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; It is possible to open an account without meeting the banker
    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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