ZUNO BANK AG is a defunct
direct bank launched in 2010. It targeted people who conduct their banking activities mainly over the
Internet and rarely visit bank branches.
Slovakia was ZUNO's first market in the
CEE region with the
Czech Republic to follow. In 2017 the bank was closed. Its clients were moved to
Tatra banka in Slovakia and
Raiffeisenbank in the Czech Republic.
Overview
ZUNO's parent company is
Raiffeisen Bank International.
Raiffeisen Bank Raiffeisenbank refers to cooperative banks in Europe that are rooted in the early credit unions of Friedrich Wilhelm Raiffeisen. The name is found in:
* Raiffeisen Bankengruppe (Austria), Austrian group of cooperative banks.
** Raiffeisen Zentralb ...
International ranks among the top 100 banks worldwide. It is embedded in the Austrian Raiffeisen Banking Group (RBG), which is the largest banking group in
Austria.
The bank obtained a banking license from the
Austrian Financial Market Authority
Austrian Financial Market Authority (FMA) (german: Österreichische Finanzmarktaufsichtsbehörde) is the integrated financial regulatory authority for the Austrian financial industry. It is responsible for the supervision of credit institu ...
in 2009. The "Single
European Passport
Passports in Europe are issued by each state individually, e.g. the Netherlands or United Kingdom. In general, passports issued in Europe either grant the holder the right of freedom of movement within the European Economic Area (EU and EFTA passp ...
" principle allows the new direct bank to enter the banking market in another
EU member state simply by following a notification process with the competent regulatory authorities.
References
{{Reflist
Online banks
Companies based in Vienna
Banks established in 2009
Defunct banks of Europe