Incorporated in 2005, Advanzia Bank is a small Luxembourg-based bank, offering private consumers and business partners competitive, straightforward and transparent products and solutions. Advanzia Bank adheres to the classical banking model: it provides only two products to natural persons: credit card loans and deposit accounts. Advanzia Bank also offers bespoke credit card solutions for private banks and financial institutions.
Having a Luxembourg banking licence and taking advantage of European banking legislation, Advanzia Bank offers its products and services across borders within the EU/EEA. The credit cards are offered to individuals in Germany, France and Luxembourg, whereas the deposit accounts are available to individuals in other European countries as well.
Becoming a client of Advanzia Bank S.A. can be done in a few steps:
Due to regulatory requirements Advanzia Bank S.A. performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Advanzia Bank S.A. will ask him/her to provide the following documents: passport; proof of address. For corporate clients Advanzia Bank S.A. will ask to provide corporate documentation as well as information about controlling persons. Advanzia Bank S.A. may request additional documentation or information depending on the case.
Advanzia Bank S.A. is the 37th largest bank in Luxembourg in terms of total assets. In 2019 its total assets were 2 553,80 mln EUR. In 2019 the bank's annual profit was 78,26 mln EUR. Advanzia Bank S.A. had 177 employees in 2019.
Advanzia Bank S.A. participates in the deposit guarantee scheme of Luxembourg. This deposit guarantee scheme applies to all cash deposits made by natural persons (Luxembourg and foreign), SMEs, companies and covers up to up to 100,000 EUR per bank per depositor. Advanzia Bank S.A. is a member of Fonds de garantie des dépôts Luxembourg (FGDL) and makes its contributions into it.
Advanzia Bank S.A. is headquartered in MUNSBACH.
Advanzia Bank S.A. has profiles at the following social networks: