EFG Bank (Luxembourg) SA Athens branch products, services and reviews

About EFG Bank (Luxembourg) SA Athens branch

EFG Bank (Luxembourg) SA Athens Branch is the Greek outpost of EFG Bank (Luxembourg) SA, part of EFG International, a Swiss private banking group listed on SIX Swiss Exchange. The branch focuses on private banking and wealth management for affluent and high-net-worth clients, providing multi‑currency accounts and payments, time deposits, custody and safekeeping, discretionary portfolio management, investment advisory under MiFID II, execution in equities, fixed income, funds and structured products, foreign exchange services, and credit solutions typically secured by marketable assets (subject to eligibility and collateral requirements). Accounts and portfolios are generally booked in Luxembourg, with onboarding subject to full KYC/AML and source‑of‑wealth verification; clients are classified under MiFID II and undergo suitability/appropriateness assessments. As a branch of an EU credit institution, prudential supervision rests with Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), with host‑state oversight in Greece for certain conduct and reporting matters; deposits booked with the Luxembourg entity, including via the Athens branch, fall under the Luxembourg deposit guarantee scheme (FGDL) up to EUR 100,000 per depositor per institution, and eligible investment claims may be covered by Luxembourg’s investor compensation scheme up to statutory limits (coverage excludes market losses). Pricing typically combines mandate management fees for discretionary portfolios, advisory or transaction‑based charges, custody fees, FX spreads, and lending margins and haircuts; minimum relationship sizes apply and are provided on request. Service is relationship‑manager led with access to investment specialists; reporting includes periodic statements and corporate actions, with secure e‑banking where available. The product shelf includes third‑party and group offerings, with standard conflicts‑of‑interest and best‑execution policies; availability of certain products can be restricted by regulation or client profile. Complaints can be addressed to the bank and, if unresolved, to the CSSF’s out‑of‑court dispute resolution process, subject to applicable rules. Clients should consider market, currency, liquidity, and counterparty risks inherent in the services.