Swiss banks denied the mass closing of accounts of Russians

Swiss banks denied the mass closing of accounts of Russians


Banks UBS and Credit Suisse stated that it remains committed to its Russian customers and no changes were made in tariff scheme.

MOSCOW, 15 Oct. Swiss banks UBS and Credit Suisse have denied that they are massively close the accounts of Russian customers, said the press services of these banks.

An earlier edition of Forbes, citing unnamed sources in the market of private banking (banking for high net worth individuals) reported that Russian banks are forcing customers to close their accounts with assets of less than $ 5 million, or pay the monthly fee for account maintenance in the amount of about one thousand Swiss francs (more than 65 thousand rubles).

“UBS maintains an absolute commitment to its Russian wealth management clients, providing a full range of services in wealth management. We do not close the accounts of customers and no changes were made in tariff scheme,” said the largest Bank in Switzerland.

Credit Suisse, the Bank’s policy, does not comment on customer relationships, but also denied information about the closing of accounts of Russians.

“The information that the Bank will close the accounts of Russian customers with a balance up to five million dollars is not true. Like that the Bank shall apply fees and penalties on the accounts that balance. Bank Credit Suisse remains committed to servicing Russian clients with large or very large capital (HNWI and UHNWI), which we also provide a wide range of financial services,” said Credit Suisse.