Notary trust bank
| Notartreuhandbank AG | |
|---|---|
|
|
| Country |
 Austria
|
| Seat | Landesgerichtsstrasse 20, 1010 Vienna |
| legal form | Corporation |
| Bank code | 31500 |
| BIC | NTBAATWWXXX |
| founding | April 4, 1997 |
| Website | Notary trust bank |
| Business data 2017 | |
| Total assets | 2.24 billion euros |
| Employee | 15th |
| Offices | 1 |
| management | |
| Board | Hartmut Müller (Chairman) Markus Rädler (Board Member) |
| Supervisory board | Ludwig Bittner (Chairman) |
The Notartreuhandbank AG is an Austrian specialist bank based in Vienna . The purpose of the company is solely to manage trust accounts for Austrian notaries . No other banking transactions are carried out.
Company data
Notartreuhandbank AG has 16 employees. The balance sheet total in 2019 was EUR 2.97 billion. Around 796,000 trust accounts have been processed since it was founded. About 1.99 million trustors were involved in the cash flows.
The corporate purpose of the bank is, in accordance with the banking license, to accept funds from notarial trusts in accordance with Section 109a of the Notarial Regulations (RGBl. No. 75/1871) for administration or as a deposit, as well as the investment of these funds. Furthermore, the implementation of cashless payment transactions and settlement transactions in the current account of the trust amounts.
The shareholders of Notartreuhandbank AG (NTB) are:
The spokesman for the board is Hartmut Müller, Markus Rädler is a board member (delegated by UniCredit). NTB Bank holds a 13.98% stake in the certificate service provider A-Trust .
Defect liability
The funds at the notary trust bank are additionally protected beyond the statutory deposit insurance. The co-shareholders Raiffeisen Bank International and UniCredit Bank Austria are jointly and severally liable for default.
history
The Notartreuhandbank was entered in the Austrian commercial register on April 4, 1997. After six months, around 100 notaries were integrated into the payment system. From March 1, 2000, it became mandatory that all trusts from 137,600 Schillings (around 10,000 euros) are to be processed by the notaries through the special bank. The deposit balance at that time was around 3.8 billion schillings (around 27 million euros).
All 515 Austrian notaries are currently cooperating with the notary trust bank.
Web links
Individual evidence
- ↑ a b query for bank code 31500. In: SEPA payments directory of the Oesterreichische Nationalbank (OeNB) . (Requires browser reloading.)
- ↑ Austrian Chamber of Notaries, queried May 12, 2018
- ↑ a b notary trust bank. Company AZ. WKO. Austrian Chamber of Commerce, March 22, 2018, accessed on May 13, 2018 .
- ↑ a b c d e f notary trust bank. An institution of the Chamber of Notaries. Austrian Chamber of Notaries, March 22, 2018, accessed on May 13, 2018 .
- ↑ Increase in deposits at notary trust bank. Wiener Zeitung, March 7, 2000, accessed on May 13, 2018 .
Coordinates: 48 ° 12 ′ 49.8 " N , 16 ° 21 ′ 23.2" E