ING Bank (Switzerland) LTD

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GSL reference about the bank

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An officer of Moscow representative office of the well-know Swiss bank changed place of work but kept all his working contacts, this is how in 2005 we established a relationship with a Swiss subsidiary of one of the leading Dutch banks. The trial balloon gave a surprisingly good result: the bank is flexible (though you would expect certain sluggishness of mind characteristic of large organisations); ready to adjust, in particular in what concerns banks fees; decisions are taken promptly and need not be okayed by too many people.
But by no means should ING Swiss be regarded as a ‘new Swiss miracle’. The bank operates within the Private Banking concept traditional for this country, but is ready to modernize it to a demanding, but promising client.
Transfer fees are low (20-37 CHF), but the bank is oriented towards traditional investment operations and offers a substantial variety in this area.
In March 2010, it merged with Bank Julius Baer and changed its name

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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
    318 6 A+
    Year of foundation 1975
    History Established January 1, 1975 as Banque Bruxelles Lambert (Suisse) SA, being a merger of Banque de Bruxelles (Suisse) SA (Est. 1971) and Banque Lambert (Suisse) SA (Est. 1962). On July 1, 2001 name changed to ING Banque Bruselles Lambert (Suisse) SA. On Jenuary 1, 2002 ING Baring Private Bank (Schweiz) AG (Est. 1977) merged into the above. On July 1, 2003 name changed to ING Bank (Suisse) SA. On 2010 merger of Bank Julius Baer and name changed as Bank Julius Baer
    Bank’s shareholders Julius Baer Group Ltd (Zürich Switzerland) - 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
    N/A N/A N/A N/A

    Tariffs and services

    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    N/A N/A N/A N/A N/A
    Distant access to the account The account can be operated by modern (Internet) or traditional (telephone) tools
    Financial products The bank offers a full range of financial products and services
    Credit/debit cards Cards in various payment systems are available

    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 Savings
    Visit to the bank A meeting with a banker can be arranged in either Moscow or Switzerland
    Required Standard set of corporate documents, copy of international passport
    Types of accounts Personal; Corporate; Savings
    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