How to open a bank account in UBS AG

1998

UBS AG is a leading Swiss bank formed from the merger in June 1998 of Union Bank of Switzerland (founded in 1912) and Swiss Bank Corporation (founded in 1872). In November 2008 it merged with UBS Capital AG. The Swiss bank UBS is one of the 28 largest banks, which, according to the definition of the Financial Stability Board (FSB), fall into the category of “systemically important financial institutions”. As of 2015, the largest Swiss bank is represented in 56 countries and in all important financial centers with 893 branches. Assets under management in the amount of CHF 2 690 billion (2017). On March 19, 2023, the two largest and oldest Swiss banks UBS and Credit Suisse merged under UBS

The bank employs over 60 000 employees. English-speaking, German-speaking, etc.

The Bank is an Open Joint Stock Company and its shares are quoted on leading stock exchanges. More than 127 000 000 shares were issued in total. The largest block of shares does not exceed 5%. More than 80% of shareholders are Swiss residents. Shareholders with 3% or more shares: Chase Norminee Ltd (London) - 11,94%; The Depository Trust Company DTC (Cede & Co.), New York (a US clearing organization) - 5,28%; Government of Singapore Investment Corp. (Singapore) - 6,40%; Nortrust Nominees Ltd (London) - 3,84%

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.