|
|
Euram Bank
(European American Investment Group)
|
History: |
Established in 1999; blanket license for all types of banking operations. |
Shareholders: |
Private persons from US higher financial community.
Euram Bank – is part of European-American Investment Group. In 1999 the Bank was established under supervision of leading experts from financial institutions of UBS Warburg, Bank Vontobel AG, Cantor Fitzgerald, Bankers Trust and Mc Kinsey. Currently the Group employs over 100 professionals in its offices in London, Los-Angelis, Monte-Carlo, New-York, Salzburg, Vienna. |
Types of Accounts: |
Corporate, personal, including numbered accounts. |
Opening balance: |
Not applicable, however, it is advisable that the minimum required deposit is placed within three months after opening. |
Minimum deposit: |
$/ € 100.000 |
Service Fees: |
Current Account - 50 EUR quarterly
Currency remittance up to 70.000 EUR - 60–90 EUR, above - 90–150 EUR
Account statement – free of charge
SWIFT confirmation sent by fax - 30 EUR per confirmation
Currency conversion – free of charge. |
Execution of payments: |
2 to 3 working days. |
Account management: |
Teller transaction, e-banking. |
Timing of opening a bank account: |
2-3 days. |
Personnel: |
Russian, English, German, Slovak, Hungarian, Bulgarian speaking. |
Credit Cards: |
VISA (with minimum deposit 100 000 EUR). |
Bank Secrecy: |
High, protected by the national law. |
Depositor Protection: |
The system of public insurance: recovery is guaranteed up to 20 000 Euro in case of bank’s bankruptcy; securities owned by the client remain with the owner in full. |
|
No taxes imposed; no information is disclosed by the Bank concerning non-EU citizens. |
Other Banking Products: |
- Agent services for the client’s corporate contracting
- Back-to-back crediting, on security of holdings on bank account
- Private funds and trusts planning, establishment and management; nominal service
- Fiduciary services like: representing client’s interests through the bank for purposes of acquisition or privatization (nominal shareholders acting under the trust deed) |
Profitability/reliability of investment products: |
- Bank’s own investment funds in Euro and USD with average rating АА and profitability up to 8% and higher on bonds (min risk, daily liquidity)
- Consolidated income of hedge funds
- Active risk management based on principle of “absolute profitability”
- Brokerage (bank’s brokers in London and New-York) |
Visit to the Bank: |
Not required, but personal meeting with the bank officer in Vienna or in the client’s native country. Visa support by the Bank. |
Required Documents: |
- Account opening application
- Passport copy
- Description of business or source of funds
- Copy of foundation documents (for corporate clients)
- Letter of recommendation from a bank or a business-partner – not necessarily, however advisable |
Nature of Accounts: |
Savings |
