Capital Security Bank in the Cook Islands first for safety of deposits
2016 August: Following the UK vote to leave the European Union, and with the fallout from the Global Financial Crisis of 2008 still fresh in the minds of those who lost money held in financial institutions, people in Europe are again questioning the security of their funds deposited in banks around the world.
With this in mind Christian Hirsch Biel, the Head of Wealth Structuring at BNP Paribas in Germany, has researched where clients should be depositing their funds and has named Capital Security Bank as one of the six preferred options. Others on the list include DBS and UOB, two of the largest full service banks in Asia, both based in Singapore.
Mr. Biel regards Capital Security Bank as an attractive option due to it maintaining 100% liquidity, as it does not provide lending to clients, and its existing banking relationships in Europe, especially Switzerland.
This is an excellent endorsement for Capital Security Bank and further evidence of the growth and global acceptance of the Cook Islands financial services industry.
Here is a link to the article. Capital Security Bank will be attending the Sibos Swift International Bank Operations Seminar in Geneva this September where more than 8,000 attendees from around the world are expected to attend.