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Euro Credit Group

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Pursuant to Article 4 para. 7 of the Bankwesengesetz (BWG; Banking Act), the Financial Market Authority (FMA) is entitled in individual cases to disclose to the general public by publication in the official gazette “Amtsblatt zur Wiener Zeitung”, or in any other official bulletin with nationwide circulation, the name of a company not entitled to carry out certain banking transactions (Article 1 para. 1 no. 1 BWG).

By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 05 May 2009, the FMA is exercising this right and warns against the conclusion of banking transactions requiring a licence with the following provider:

Euro Credit Group
04085 Kiev
Prospekt Frunze 22 OF 135
eurocreditgroup.com

This provider does not possess a licence issued by the FMA to carry out certain banking transactions in Austria. The acceptance of funds from other parties for the purpose of administration or as deposits (deposit business) is therefore not allowed.