ZUNO BANK AG is a new direct bank launched in 2010. It targets those people who conduct their banking activities mainly over the Internet

Internet

The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...

 and rarely visit bank branches. Slovakia

Slovakia

The Slovak Republic is a landlocked state in Central Europe. It has a population of over five million and an area of about . Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south...

 is ZUNO's first market in the CEE

Cee

Cee or CEE may refer to:* Cee, Galicia, a municipality in the province of A Coruña, Galicia, Spain* C, third letter of the English alphabet* Central and Eastern Europe, a region encompassing former Eastern Bloc countries...

 region with the Czech Republic

Czech Republic

The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....

 and other CEE countries to follow.

Overview

ZUNO's parent company is Raiffeisen Bank International. Raiffeisen

Raiffeisen

Raiffeisen Zentralbank is a co-operative bank based and founded in Austria and operating throughout central and eastern Europe. The bank has been led by Walter Rothensteiner since 2003.-Overview:...

 Bank 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

Austria

Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...

.

The bank obtained a banking license from the Austrian Financial Market Authority in 2009. The "Single European Passport" principle allows the new direct bank to enter the banking market in another EU member state

Member State of the European Union

A member state of the European Union is a state that is party to treaties of the European Union and has thereby undertaken the privileges and obligations that EU membership entails. Unlike membership of an international organisation, being an EU member state places a country under binding laws in...

simply by following a notification process with the competent regulatory authorities.

External links

ZUNO in CEE: www.zuno.eu

ZUNO in Slovakia: www.zuno.sk

ZUNO in Czech Republic: www.zuno.cz