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Zuno Bank gets 46,000 customers

ZUNO bank, a bank operating primarily via the internet, attracted 46,000 new customers during its first year and three months of operation in Slovakia, with most of its clientele being young people aged 20 to 39.

ZUNO bank, a bank operating primarily via the internet, attracted 46,000 new customers during its first year and three months of operation in Slovakia, with most of its clientele being young people aged 20 to 39.

The bank received deposits of €331 million from customers in the Slovak market and over 50 percent were in the form of savings accounts, according to its general director, Tomáš Kuna, as reported by the SITA newswire in late March.

A market survey conducted by the bank showed that its customers prefer simple, transparent and accessible loan products at reasonable prices. A Zuno customer can arrange a loan on the internet and does not need to visit a bank branch.

Zuno Bank is part of Raiffeisen Bank of Austria which announced its plan to enter markets in central and eastern Europe with a new direct banking model at the end of 2009.

Zuno Bank’s pilot operation was launched on August 1, 2010 in Slovakia, the first country where Zuno offered its services. It was followed by a subsidiary in the Czech Republic. The bank offers loan products in Slovakia as well as current accounts, saving accounts and term deposits.

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