ZUNO Bank was established in 2007 as a direct bank to meet the needs of private individuals by providing easy-to-use online banking, a simple set of retail banking products at fair prices without hidden costs. In 2015 Raiffeisen Banking Group announced its intention to sell ZUNO Bank to Russia’s Alfa Bank, however the latter withdrew from the deal in March 2016. In 2017 ZUNO Bank was closed down. Its assets and liabilities were transferred to Tatra Banka in Slovakia and to Raiffeisen Bank in Czechia.
ZUNO BANK AG was the 134th largest bank in Austria in terms of total assets. In 2016 its total assets were 545,86 mln EUR, providing the bank with the market share of 0.07%. ZUNO BANK AG was the 41st largest raiffeisen credit cooperatives in Austria (out of 446 raiffeisen credit cooperatives) having market share of 0.21% amongst the banks of this category. In 2016 the bank's net income was -183,35 mln EUR.
ZUNO 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. ZUNO BANK AG is a member of Einlagensicherung AUSTRIA Ges.m.b.H (ESA) and makes its contributions into it.
ZUNO BANK AG was headquartered in Wien.