FUCHSBRIEFE: Kathrein Privatbank among the TOP 3 private banks in austria and top marks in the categories advice and transparency

Kathrein Privatbank also scored well in the area of sustainability

© Kathrein Privatbank AG
© Kathrein Privatbank AG
After recently receiving an award at the Dachfonds Awards Austria, Kathrein Privatbank also withstood the critical assessment of the renowned Fuchs | Richter auditing body and secured a place in the exclusive circle of the top 3 private banks in Austria.
A total of 75 banks and asset managers in the test! The Fuchs | Richter test body helps to make the quality of advice in asset matters and the quality of portfolio management measurable and transparent for private customers, entrepreneurs, foundations and other institutions. For the 18th time in a row, Fuchs| Richter Prüfinstanz scrutinized a total of 75 banks and asset managers from German-speaking countries and assessed them according to the quality of the categories advisory discussion, investment proposal, transparency and investment competence. Kathrein Privatbank excelled especially in the categories "consulting" and "transparency".
Kathrein can be sustainable! The topic of this year's mystery shopping at private banks by the Fuchsbriefe testers: sustainable investment according to the guidelines of the Austrian Bishops' Conference (FinAnKo guidelines). Kathrein Privatbank is convinced that responsible business contributes to a better quality of life for future generations and therefore started with the first sustainable investments already in 2011. Today, about half of the assets under management are already managed sustainably and a broad sustainable product range is offered. "With our long-standing expertise, we were once again able to score points with the Fuchs | Richter auditing body, something we are very proud of," says Wilhelm Celeda, CEO of Kathrein Privatbank.

Sustainable investing: a fixed star in Kathrein´s sustainable fund sky

© Adobe Stocks
© Adobe Stocks
Since August 2020, a new star has been shining in the sustainable fund sky of Kathrein Privat- bank: the Kathrein Sustainable EM Local Currency Bond. The fund concept is to invest in local currencies via bonds issued by multinational development banks. The bonds in emerging market currencies such as the Brazilian real or the Indian rupee are used to finance local development projects. Investors benefit from higher local currency yields with lower issuer default risk due to sovereign guarantees. Through active allocation - i.e. the distribution of investment capital across 171 currency pairs - an attempt is made to achieve an attractive return. The fund has already been certified with the Austrian Ecolabel for sustainable financial products and also complies with the strict requirements of the FNG seal and the FinAnKo guideline.