FundBank Group announced that the European Central Bank issued an authorisation on 16 December 2024, allowing FundBank (Europe) S.A. to take up the business of a credit institution under the Luxembourg act of 5 April 1993 on the financial sector, as amended. FundBank (Europe) S.A. will be directly subject to the prudential supervision of the Commission de Surveillance du Secteur Financier in Luxembourg.

Headquartered in Luxembourg, FundBank (Europe) S.A. will commence operations in 2025 and will provide seamless and efficient banking solutions to clients in Europe.  FundBank (Europe) S.A. will be complementing the Luxembourg alternative investment funds ecosystem and acts in cooperation with key stakeholders of the investment funds industry, which are in need of swift, tech-enabled and efficient bank account opening procedures, banking solutions and bespoke custody services within Europe. 

FundBank (Europe) S.A. specializes in innovative propositions in the alternative investment funds space.  In addition to taking deposits and providing credit solutions to its clients, FundBank (Europe) S.A. acts on a fiduciary basis for its clients, thereby ensuring that client funds are secured and available, even during market volatility. FundBank (Europe) S.A. will deploy state-of-the-art technology, using AI tools, for the onboarding process and provide a swift, non-invasive and regulatory-compliant experience to its clients.