Liechtensteinische Landesbank (Österreich) AG

Beginning of cooperation Last contact Last update
November, 2011 October, 2017 August, 2014

GSL reference about the bank

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We have not been in cooperation with this bank for very long, but we know some  employees of the Austrian branch, who came to work there from other Austrian financial institutions

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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
    Not rated Not rated 2 622 AAA
    Year of foundation 1861
    History It is the Liechtenstein oldest bank, owned by the state since 1861. The Bank has its representative offices in Hong Kong, Abu Dhabi and the Cayman Islands. Liechtensteinische Landesbank (Austria) AG established November 25, 2009
    Personnel Fourteen Russian-speaking people work in the Bank's Russian desk.
    Bank’s shareholders Liechtensteinische Landesbank AG (Vaduz Liechtenstein) - 100%
    Confidentiality 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
    500 000 10 10 000 2
    Minimum balance, € 500 000 EUR. However, in the prospect of growth of the balance on the account, the Bank is ready to start cooperation with a minimum balance of 250 000 EUR. At the same time, the Bank will focus on the minimum balance of 1 000 000 EUR. Однако, банк ориентируется на рост баланса по счету и готов начать работу с остатком в 250 000 EUR, хотя будет ориентироваться на 1 000 000 EUR
    Transactions permitted per month The clients, meeting the Bank's requirements, are giving preferences in the form of 10 business transactios per month
    Initial deposit of funds, € The acceptable initial deposit to initiate the account opening is 10 000, though a larger amount is recommended
    Deadline for the initial deposit, month The initial deposit shall enter the account within two months
    How fast payments are executed Payments are processed within 3 days

    Tariffs and services

    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    125 0 200 7 500 15 000
    Outcoming transfer, € Outcoming transfer fee is 0.25% from the amount of payment (no more than 500 EUR and no less than 50 EUR)
    Incoming transfer, € There is no incoming transfer fee
    Account maintenance, €/year Account maintenance fee is 200 EUR per year
    Payment limit for credit cards, €/day Both minimum and recommended limit is 7 500 EUR, however, this limit may be increased on additional request.
    Funds to be blocked for CC issue, € Insurance coverage shall be twice the size of the payment limit; it is blocked on the account.
    Distant access to the account Internet - banking will only allow you to monitor the transactions on your account.
    Financial products Investment programs, sometimes - trade financing programs (such as letters of credit). The rates are applied on individual basis.
    Credit/debit cards The Bank issues credit cards of main payment systems.
    Hold mail The Bank will charge 200 EUR per year for keeping statements on the account

    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 The visit to the Bank is not required. However, in case of distant opening of the account (through a professional introducer), you will have to meet the Bank's representative within 60 days from the date of opening.
    Required Standard corporate set and documents confirming the source of funds (declarations, contracts, invoices, or a written statement on the origin of funds).
    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 The bank requires a full business description signed by the client
     
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