The cost of opening an account: From 790 EUR

General information

Name:Novo Banco SA
Country:

Portugal

Official site:www.novobanco.pt
Faunded:1 920
History:The bank was founded in 1920 by transforming the banking house of the same name that appeared, in turn, by combining a number of financial institutions established in the second half of the 19th century, José Maria do Espírito Santo e Silva. Since 1991, the bank's shares are listed on the Portuguese stock exchange. In July 1999, the name was changed into the present one. In December 2005, it merged with Banco Internacional de Credito SA. Since 2007, this is the only Portuguese bank included in the FTSE4Good Index. As of September 2011, the bank ranks second in Portugal regrding the net asset value (80.2 billion EUR) and the number of clients (2.1 million worldwide). The Bank's share in the market of financial services in Portugal is 20.3%. The Bank has subsidiaries, branches and representative offices in 23 countries, major investments are concentrated in Brazil, Spain and Angola. On July 30, 2014, Banco Espirito Santo SA reported that losses and assets were transferred to the new structure - Novo Banco
Employees:The Bank employs approximately 4,150 employees. Mostly English-speaking staff
Shareholders:The sole shareholder is Fundo de Resolucao that is the state fund with a share capital of 4.900 million EUR
Security:Agreement on legal assistance to the Russian Federation was concluded; Agreement on avoidance of double taxation was concluded; AML legislation is strictly observed; Active membership in the OECD, FATF, Basel Commitee, Egmont Group and others.
Presentation:

Presentation Bank Espirito Santo

Account

Terms of opening for admission (days):15
Opening terms for cancellation (days):15
Recommendations:Not required
Description of activity:Detailed
Account type:Personal, corporate
Types of accounts:Personal; Corporate; Savings; Settlement
Departure to the bank:Not required, but meeting with a banker during his nearest visit to Russia is desirable (regular visits - 3-4 times a year)
Required documents:Apostilled set of constituent documents, apostilled certificate of good standing, copy of passport of the beneficial owner and the person who is account manager
Account opening, probability:Calculated and perceived
Particularities during account opening:Opening an account is possible without entry into the country of the bank; Opening an account is possible without a meeting with the banker

Rating

Rating in the world:193
Country Rating:3
The head bank in the country:2
Головного банка в мире:170
Rating on loans:BB-

Terms

Balance, minimum:0 €
Limit of transfers (per month):No restrictions
An initial fee :0 €
Term of contribution (months):12
Annual turnover (minimum):1 000 000 €
Transaction speed:2 days, urgent payment is possible on the same day. Operating day ends at 13.00 (local time)

Services and costs

Cost of translation:Fee for outgoing payments in the eurozone in the amount up to 50 000 EUR - 3,75 EUR. Fee for other outgoing payments - 0.25% of the payment amount, but not more than 110 EUR. Fee for urgent transfer on the same day - 22,5 EUR
Cost of enrollment:Fee for crediting incoming payments up to 50 000 EUR - 0%. Fee for crediting payments in the amount of more than 50 000 EUR - 10 EUR
Cost of account maintenance:EUR 50 per month. For the amount in excess of 10,000 EUR, monthly interest at LIBOR rate minus 0.5% is accrued
Credit card restrictions:The bank sets the payment limit of EUR 5 000 per day as a default, but this amount may be changed by the client
Insurance for credit cards:Insurance coverage exceeds the payment limit by 2 times
Access to the account:Account management is carried out by means of code cards, it is also possible to connect service for obtaining authorization codes for each transaction via SMS. Cost is 8,5 EUR per month
Bank services:The Bank provides a wide range of banking and financial services, including servicing private and corporate clients, providing services of private banking, asset management, investment banking activity, crediting
Bank cards:VISA, Mastercard
Cost of extracts storing:Fee for storage of extracts in the bank is 100 EUR per year
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Fees Espirito Santo

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Select Bank's name sort descending Price of account opening Established
Novo Banco SA 790 EUR 1920