Kathrein Privatbank: Best Private Bank Austria 2024

Kathrein Privatbank, a distinguished Austrian institution, has reinforced its position as a premier provider of private banking services by continuing to innovate and refine its offerings. Over the past year, the bank has successfully restructured its family office services, focusing on wealth structuring and succession planning to better support families and enterprises. This restructuring included expanding its team to meet the increasing demand for tailored financial solutions. Additionally, Kathrein Privatbank has enhanced its compliance operations, responding proactively to new regulatory requirements in Austria. The bank’s commitment to sustainable investing remains strong, with its global sustainable equity funds receiving prestigious German awards for exceptional performance and overall impact. It has also made significant strides in increasing transparency and client engagement, particularly through its website, which features enhanced disclosures and adherence to EU key information document (KID) standards. In terms of digital innovation, Kathrein is preparing to launch an advanced e-banking app, scheduled for 2025, aimed at improving customer convenience. Beyond its domestic market, the bank is expanding its operations in Central Europe, with a growing presence in the Czech Republic, Slovakia, and Poland. This regional expansion is supported by an enlarged private banking team, signalling Kathrein’s ambitions for further growth across the broader European market. With its focus on sustainable investment, enhanced client services, and regional expansion, Kathrein Privatbank continues to lead in private banking excellence. The CFI.co Judging Panel congratulates Kathrein Privatbank on winning the 2024 award for Best Private Bank (Austria).