Generali Bank, founded in 2002, is a member of Generali Group, one of the largest insurers in Austria. Generali Bank offers a comprehensive and demand-oriented product range from current and savings accounts, payments to investments in securities. Generali Bank has no proprietary, costly branch network. Certain products such as savings accounts can be quickly and easily obtained online.
Becoming a client of Generali Bank AG can be done in a few steps:
Due to regulatory requirements Generali Bank AG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Generali Bank AG will ask him/her to provide the following documents: passport; proof of address. For corporate clients Generali Bank AG will ask to provide corporate documentation as well as information about controlling persons. Generali Bank AG may request additional documentation or information depending on the case. Account opening procedure is usually completed within a few minutes.
Generali Bank AG is the 128th largest bank in Austria in terms of total assets. In 2018 its total assets were 558,46 mln EUR, providing the bank with the market share of 0.07%. Generali Bank AG is the 25th largest joint stock bank and private bank in Austria (out of 36 joint stock banks and private banks) having market share of 0.26% amongst the banks of this category.
Generali Bank AG participates in the deposit guarantee scheme of Austria. This deposit guarantee scheme applies to all balances on bank accounts made by natural persons (Austrian and foreign), legal entities (Austrian and foreign) and covers up to up to 100,000 EUR per bank per depositor. Generali Bank AG is a member of Einlagensicherung AUSTRIA Ges.m.b.H (ESA) and makes its contributions into it.
Generali Bank AG is headquartered in Wien.