BBENDURA BANK AG
Four stars: a clean ten-year record, protected deposits and custody terms readable before signing.
Why Bendura Bank has four stars
Bendura Bank earns four stars. No final adverse finding against this licence holder in ten years of regulatory and court records. What a family should weigh: statutory segregation of custody assets is only partial in the booking centre. Still to be confirmed: the services offered here. Until it is on file, the rating cannot count it.
Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. The rating weighs the public record together with what clients and their advisers tell us in confidence; retail products, branches and apps play no part.
Where Bendura Bank stands out
- No final adverse finding against this licence holder in ten years of regulatory and court records.
- Deposits are covered by a statutory protection scheme.
- The custody terms can be read in full before signing, including re-use of assets and sub-custodians.
- The fee schedule is published in full, so a family can price the relationship before asking.
- The bank states publicly what it does with third-party payments.
What to weigh
- Statutory segregation of custody assets is only partial in the booking centre.
- An owner's home jurisdiction is under increased monitoring for money laundering.
- There is no published list of what this booking centre offers private clients.
The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.
Regulatory and legal record
What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.
Client experience and financial standing
What clients meet at Bendura Bank, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.
What clients report
The Liechtenstein regulator, the FMA, publishes no named list of its enforcement decisions, so its record says nothing either way about the bank's treatment of clients.
Worth raising with the bank
- Ask how decisions on strategy and risk are shared between the bank and its owner, Citychamp Watch & Jewellery Group, after the chief executive left in 2025 over differences on strategic priorities in Asia.
In the press
- Finews
Bendura Bank feiert zehn Jahre in Hongkonger Hand
The bank marked ten years under the Hong Kong-listed Citychamp Watch & Jewellery Group, which bought it from Valartis in 2016, with Hon Kwok Lung as chairman and Philipp Forster as chief executive.
- Finews
Knall bei Bendura Bank: CEO muss gehen, Nachfolger ernannt
Chief executive Markus Federspiel was to leave by 30 June 2025 after differences over strategic priorities, particularly in Asia, following net outflows in 2022 and 2023, and Philipp Forster was named his successor.
What Bendura Bank charges, compared
Bendura Bank publishes its fees. The figures below are its list prices, read on 6 November 2026 from the document linked at the foot of this section. To compare banks fairly we put every published fee in US dollars at the same indicative rates and apply it to the same reference amounts, then rate each fee against the average of the other banks that publish it. Five stars is the lowest fee, one star the highest. Terms a family actually negotiates are often different, and the bank can change its schedule at any time.
With the trades, conversions and transfers of the reference year added at list price: about USD 335,625 a year, 134 basis points.
| Fee | Bendura Bank | Other banks | Against the others |
|---|---|---|---|
| Custody and safekeepingeffective rate on USD 25 million | 0.35% a year Source | 0.29% a yearaverage of 38 other banks | above the average |
| Discretionary mandateeffective rate on USD 12.5 million, balanced profile | 1.50% a yearall-in fee Source | 1.22% a yearaverage of 25 other banks | above the average |
| Advisory mandateeffective rate on USD 12.5 million | 0.50% a year Source | 0.95% a yearaverage of 21 other banks | among the lowest |
| Equity tradecommission on a USD 250,000 trade, major exchange | 0.80%stated as a maximum Source | 0.80%average of 47 other banks | around the average |
| Bond tradecommission on a USD 500,000 trade | 0.40%stated as a maximum Source | 0.96%average of 42 other banks | among the lowest |
| Third party fund subscriptionfee on a USD 250,000 subscription | 1.00% Source | 1.39%average of 42 other banks | below the average |
| Currency conversionmargin on a USD 1 million spot conversion | 0.66% Source | 0.72%average of 30 other banks | around the average |
| Account maintenanceper year | USD 625 a yearCHF 125 per quarter; stated as a maximum Source | USD 1,300 a yearaverage of 26 other banks | among the lowest |
| Minimum annual feeper year, or fee below the asset threshold | USD 625 a yearCHF 125 per quarter Source | USD 4,435 a yearaverage of 38 other banks | among the lowest |
| Transfer of securities to another bankper position | USD 312CHF 250 Source | USD 121average of 38 other banks | among the most expensive |
| Closing the accountone off | USD 1,250CHF 1,000 Source | USD 686average of 21 other banks | among the most expensive |
Not in the published schedule: outgoing international transfer, lombard loan margin.
Sources.
- Fee Schedule, 01.01.2026 (document 22D-0126), read on 6 November 2026
How the comparison works: USD 25 million booked with the bank: half under a discretionary balanced mandate, half in custody with advice; 24 equity trades of USD 250,000 and 8 bond trades of USD 500,000 a year; 6 currency conversions of USD 1 million; 24 outgoing international transfers. Tiered fees are applied to those amounts tranche by tranche, stated minimums are applied, and amounts are converted at indicative rates of 2026-11-06. Read how we compare fees.
Identity, protection and services
Legal identity
Ownership
Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.
Financial strength, as reported
Figures for BENDURA BANK AG. Sources: BENDURA BANK AG Geschäftsbericht 2025; BENDURA BANK - Über uns.
Services published for this booking unit
Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.
Access and costs
Protection of client assets
Before opening an account
- Moving the portfolio. Use the published transfer terms as a starting point. Ask the bank to flag positions in your portfolio that would require consent, manual handling or a sale, and to quote the charges separately.
- Reporting to the family office. The bank lists a desk for external asset managers. Ask for a sample statement or data export and confirm whether it includes positions, transactions, accrued income and all currencies held.
- Exit costs. The fee comparison shows USD 312 per position for a securities transfer. Ask what rate would apply to your mandate and whether the receiving bank or a sub-custodian would charge separately. See published fees.
Rate Bendura Bank
If you bank with Bendura Bank or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.
Sources
All 12 documents cited on this page, by subject.
Client experience and press
- Finews: Bendura Bank feiert zehn Jahre in Hongkonger Hand, 25 September 2026finews.ch
- Finews: Knall bei Bendura Bank: CEO muss gehen, Nachfolger ernannt, 13 December 2024finews.ch
Fees
- Bendura Bank: 022 Gebuehrenreglement e 2 (PDF)bendura.li · Fees
Identity, ownership, finances and services
- Bendura Bank: About usbendura.li · Licence
- Bendura Bank: 2025 Annual Report BENDURA BANK AG (PDF)bendura.li · Group parent
- BENDURA BANK AG Geschäftsbericht 2025bendura.li · Financial strength
- BENDURA BANK - Über unsbendura.li · Financial strength
- Bendura Bank: Execution onlybendura.li · Services
- Bendura Bank: Dienstleistungen fuer institutionelle kunden bei der bendura bank agbendura.li · Services
- Bendura Bank: Was ist der mindestanlagebetrag fuer eine vermoegensverwaltung bei der…bendura.li · Product minimum
- Bendura Bank: Document (PDF)bendura.li · Third party payments
The bank
- Bendura Bank, websitebendura.li
For Bendura Bank
Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-LI-BENDURA-B0F4A8.
Reviewing this file with us
Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.
If you represent Bendura Bank, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.
The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.
About this file
Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.