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Opening an account
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An account can only be opened at the NPB New Private Bank Ltd. during a personal meeting. We know all our clients personally. The gaining and maintenance of trust from our customers are at the forefront. Only under these circumstances can one talk about investments in detail, and only then is it possible for us to provide our clients with added value.
Minimum investment volume
The NPB New Private Bank Ltd. does not set forth any minimum investment volumes for a client relationship. With the NPB Stra-tegic Dynamic Fund, even very small investment volumes can benefit from modern asset management orientated to absolute earnings. From about EUR 500,000.-, individually customised asset management mandates can be agreed.
Security
As a Swiss bank, the NPB New Private Bank Ltd. is subject to supervision by the Swiss Financial Market Supervisory Authority FINMA. Since the bank was incorporated, the statutory auditors have been Ernst & Young AG.
Due to Swiss legislation, if a bank were to enter into bankruptcy, all the portfolio assets would remain in the ownership of the clients and would therefore not be affected. The NPB has an extraordinarily secure financial basis with an equity ratio of more than 45% (several times higher than the minimum prescribed by law).
Lending transactions have been the main cause of the few bank-ruptcies of Swiss banks in the last 200 years. The NPB grants loans very conservatively and only on a Lombard basis. For other credit requirements, we are pleased to refer our clients to suitable partners on a best-in-class basis.
Bank client secrecy / Discretion
Bank client secrecy encompasses all data which arises in the processing of a business relationship between a bank and its clients. In the Federal Law regarding Banks and Savings Insti-tutes, the entitlement of the clients to secrecy is protected under criminal law. Discretion at the NPB New Private Bank Ltd. means that this right is respected in every way which, of course, is easier for a smaller bank.
EU interest taxation guideline
Since 1st July 2005, the interest income for private individuals with their residence for tax purposes in an EU country is subject to withholding tax at the following levels:
- for interest payments until 30th June 2008:............15%
- for interest payments until 30th June 2011:............20%
- for interest payments from 1st July 2011:..............35%
Interest is also taken into account which is paid by borrowers domiciled outside the European Union. We shall be pleased to advise you in all matters of taxation in co-operation with our selected, international partners.
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