Union Bank Liechtenstein

According to the news report representatives of union bank ag binance and the financial market authority fma of liechtenstein met and signed an agreement.

Union bank liechtenstein. Alpe adria privatbank ag in liquidation bank vontobel. Union bank ag is a member of deposit guarantee and investor compensation foundation pcc eas and makes. List of banks operating in liechtenstein including business focus customer rating and total assets.

Liechtenstein s union bank to liquidate after failing to find new backer by verdict staff august 10 2020 union bank a liechtenstein based private bank has agreed on voluntary liquidation for failing to meet capital adequacy requirements of the european capital adequacy ordinance crr that has become applicable in the country since this january. The licence of union bank ag austrasse 46 9490 vaduz fl 0002 303 567 3 to operate a bank lapsed due to written renunciation pursuant to art. Liechtenstein regulators have de authorised vaduz based union bank after it failed to find a backer to help it meet capital requirements rejecting an offer from the ceo of a malta based cryptocurrency exchange.

Key figures of the bank are indeed above average. August 2020 die aktionäre der union bank ag haben anlässlich der generalversammlung vom 7. The report also quoted a letter from zurich based lawyer wolfram kuoni the president of union bank to the bank s shareholders claiming that the fma is likely to accept binance as a shareholder.

For example the core capital ratio is 39 1 and the liquidity coverage ratio is over 2 000 2 which is twenty times the legal minimum. Statistics information and anti money laundering principles are available at liechtenstein bankers association and the financial market authority liechtenstein. Union bank ag beschliesst freiwillige liquidation.

24 07 2020 fma guidelines 2017 18. For each bank business overview account opening products and services customer ratings if assigned key financial data credit ratings if assigned deposit guarantee technical data bank identifiers contact details are available. This deposit guarantee scheme applies to all kinds of account balances held in a name made by natural persons liechtenstein and foreign legal entities and covers up to up to 100 000 chf per bank per depositor.

C banking act by 11 august 2020. Union bank offers personal and business banking investments commercial banking corporate accounts and private banking services open a bank account today. Union bank ag participates in the deposit guarantee scheme of liechtenstein.