Swedbank AS

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February, 2015 October, 2017 March, 2015

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
    Not rated Not rated 1 N/R
    Year of foundation 1993
    History Officially Hansabank launched independent operations on 10 January 1992. In 1993, the bank set up its first subsidiary, AS Hansa Liising. In 1995, Hansabank`s shares were listed in the I-list of the Helsinki Stock Exchange. In 2005, Swedbank offered the minority shareholders of Hansabank to acquire shares and as a result became a 100% owner of the bank. The bank is mostly operative in Sweden, Estonia, Latvia, and Lithuania. Other markets, specialized financial services: Denmark, Finland, Norway, USA, China, and Luxembourg
    Personnel The bank has Russian-speaking staff
    Bank’s shareholders Swedbank is a leading bank in Sweden, Estonia, Latvia, and Lithuania. The bank’s shares are listed on the Stockholm’s OMX Nordic Exchange in Large Cap segment
    Confidentiality Judicial Cooperation Agreement with Russia is signed; AML legislation is strictly observed

    Minimum requirements

    Minimum balance, € Transactions permitted per month Initial deposit of funds, € Deadline for the initial deposit, month Minimum turnover, €/year
    0 0 6 000 000
    Transactions permitted per month The bank has no restrictions as to the number of transactions
    Minimum turnover, €/year The minimum turnover is from EUR 500 000 per month
    How fast payments are executed An ordinary payment gets to the beneficiary/correspondent bank two banking days after the client’s value date, except in the case of EUR payments made to the European Economic Area countries; these arrive in the beneficiary bank on the banking day following the client’s value date. Payments in EUR and USD (except urgent European payments) get to the beneficiary/correspondent bank on the banking day following the client’s value date if the payment instruction is submitted to the bank before 15.00. Express payments of less than EUR 10 million (or an equivalent amount in another currency) arrive in the beneficiary/correspondent bank on the same banking day if the payment instruction is submitted to the bank before 14.00. Express payments of or in excess of EUR 10 million (or an equivalent amount in another currency) arrive in the beneficiary/correspondent bank on the same banking day if the payment instruction is submitted to the bank before 10.00, or from 10.00 to 14.00 if individually agreed with the bank

    Tariffs and services

    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    5 6 614 6 400 N/A
    Outcoming transfer, € The transfer fee for a European payment (made in Internet banking) is EUR 0.38 (standard), EUR 7- 30 (urgent). The transfer fee for cross-border payment (made in Internet banking) is: standard payment - EUR 4.47 (shared costs), EUR 23.01 (cost to payer); urgent payment - EUR 10.23 (shared costs), EUR 28.86 (cost to payer); express payment - EUR 35.15 (shared costs), 44.74 EUR (cost to payer)
    Incoming transfer, € The fee on incoming cross-border payments is EUR 5.75
    Account maintenance, €/year The account opening fee for individuals is EUR 200 and for legal entities is EUR 300. The monthly maintenance fee for non-resident legal entities (excluding financial institutions) registered outside the EU or Norway – EUR 51.13
    Payment limit for credit cards, €/day The credit card payment limit is EUR 6 400 per day
    Distant access to the account Internet banking which can be used by several users at a time. Also, a mobile banking application for Android phones and iOS devices, as well as mobile banking for less sophisticated phones
    Financial products The bank offers a full range of convenient and competitive financial services, including such as: savings deposits, pension funds, credit and debit cards, loans, insurance, and investment services for private, corporate and institutional customers
    Credit/debit cards Debit and credit cards: Visa Electron, Maestro, MasterCard

    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. An account can be opened in Moscow: a bank’s representative comes to Moscow every 2 or 3 months. An account can also be opened on a visit to the bank in Tallinn
    Required A standard set of corporate documents: passport copies for beneficial owners and contact persons. Documents confirming the experience and material status of the beneficial owner and contact person
    Types of accounts Personal; Corporate; Savings; 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
     
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