12 good reasons to cooperate with Pax-Bank

12 good reasons to cooperate with Pax-Bank

1. Experienced and reliable:

Pax-Bank offers the experience and the know-how of a specialized private bank which has worked since almost 90 years reliably for the Catholic Church.

2. Successful:

Since decades Pax-Bank asserts itself successfully in the competition with other banks thanks to using modern technology, to motivated employees and to offering sophisticated and repeatedly awarded products. Without knowing and sharing the objectives and expectations of its ecclesiastical customers this would not have been possible: a stable and trustful business relation based on a long-term orientated thinking.

3. Catholic values:

The Church needs excellent performance for their investments that cannot be contrary to their Christian values. Since 1917, Pax-Bank has achieved the balance between high performance and Christian values through its own philosophy: concentrating exclusively on Catholic institutions as its customers, Pax-Bank orientates its business objectives and products following Christian ideals. The entrusted capitals are invested with the Catholic Church in mind, with maximum responsibility and transparency. Investments which contravene Christian principles are excluded. This we guarantee with our name.

4. Extensive and personal:

Pax-Bank offers a wide range of financial services. Thus customers from the Church find everything they require for their financial matters at Pax-Bank. For smaller or larger assets, individual and competent consultation is guaranteed always.

5. Moderate and transparent:

Pax-Bank applies a moderate and transparent system of commissions.

6. Safe and discreet:

Pax-Bank offers the safety of a bank which is supervised by European governmental authorities. On the basis of the German confidentiality in banking Pax-Bank guarantees absolute discretion in the relationship with its clients. 

7. Deposit guarantee:

All deposits on accounts held by so-called non-bank customers are guaranteed without any limitation, protected by the Deposit Guarantee Scheme of the Federal Association of German Cooperative Banks.

8. German tax privileges:

Foreign institutional clients which invest their money at Pax-Bank through a German ecclesiastical legal entity will profit from the unique German tax privileges for the Church. Income from interests and dividends will be credited without any tax withdrawal.

9. Embedded but independent:

Pax-Bank makes part of the Catholic network. Founded by Catholic Priests Pax-Bank nowadays is in the property of numerous ecclesiastical institutions, such as dioceses, parishes and religious orders. Thus its clients profit from the advantages of a well-informed but independently operating bank. By the way: Pax-Bank offers each institutional client the privilege to become a shareholder of Pax-Bank.

10. German Catholic relief organizations:

Especially for your incomes from German Catholic relief works it is easier to cooperate with Pax-Bank since we are located in Cologne and in Aachen for example. And there are several German relief organizations such as Missio, Misereor, Adveniat, Carol Singers Campaign, Church in need, Renovabis etc.

11. Money is mobile:

Europe-wide:
You can apply the new SEPA standards for transfers within the European Single Market. The new regulations of the Single Euro Payments Area (SEPA: "Single Euro Payments Area") make you benefit from the advantages because it makes the money transfers easier and quicker.  

World-wide:
Pax-Bank is a member of the so-called GENO Group (Cooperative Bank Group), therefore you can place world-wide transfer order with Pax-Bank. (BIC / Swift code: GENODED1PAX). Pax-Bank supports the new SEPA procedures with its technical infrastructure. 

12. All ways lead to Rome:

Due to our office in Rome, the heart of the Catholic Church, it is not difficult to meet our bank specialists personally, even if you are not located in Germany.