AUSTRIA: ANONYMOUS ACCOUNTS TO BE ABOLISHED
Article Abstract:
Austria is planning to introduce a law on the abolition of anonymous savings accounts. Payments to such accounts without presenting a passport will be banned from 01 Nov 2000, anonymous withdrawals from 30 Jun 2000. Within this transition period, a gift tax amnesty is to enable the transfer of anonymous savings accounts without fiscal charges. On the other hand, confidentiality in banking will become stricter. The public prosecution will no longer have the right to collect information on a suspect's account without a warrant. Moreover, banks will no longer be obliged to report deserted accounts. The draft amendment to the banking law is to be submitted to the parliament on 20 May 2000.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
AUSTRIA: LESS MONEY IN SAVINGS ACCOUNTS
Article Abstract:
Savings deposits decreased in Austria in 1999 for the fifth successive year. According to the national bank, deposits in savings accounts without interests decreased by EUR 0.57bn. With interests, the volume increased only slightly by EUR 2.46bn, or 2.1%. The number of banks' branches fell by 20 to 951 in 1999.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
ALGERIA: NEW OPENINGS PLANNED FOR NATEXIS BANK
Article Abstract:
The French banking group, Natexis Banques Populaires, would be considering opening up two new branches this year in Algeria, in Oran, and Setif. Its subsidiary, Natexis Al Amana Banque, has been successful since opening in November 1999.
Publication Name: MOCI
Subject: Business, international
ISSN: 0026-9719
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: AUSTRIA: NEW WASTE INCINERATION PLANT FOR VIENNA. AUSTRIA: EVN BETTING ON WATER. AUSTRIA: EXPANSION OF WASTE INCINERATION PLANT
- Abstracts: AUSTRIA: NEW RAILWAY STATION FOR INNSBRUCK. AUSTRIA: LUXURY HOSPITAL PROJECT APPROVED. AUSTRIA: PRIVATE HOSPITAL PLANNED IN KREMS
- Abstracts: AUSTRIA: COMPETITOR CONCERNED ABOUT FEIBRA BUY. AUSTRIA: POST PREPARING FOR COMPETITION. AUSTRIA: POST CUTTING SERVICES
- Abstracts: AUSTRIA: MOBILKOM SUCCESSFUL IN BUSINESS SEGMENT. AUSTRIA: NEW CEO ON TELEKOM AUSTRIA. AUSTRIA: PRICE CUTS FOR FIXED-TO-MOBILE CALLS