Score of 84.1/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 24 Jul 2025 | 23 | 80% | 13% | 7% | 20% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 34 | 69% | 20% | 11% | 31% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 27 | 76% | 16% | 8% | 23% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 29 | 75% | 14% | 11% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 30 | 74% | 17% | 9% | 26% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 37 | 66% | 19% | 15% | 34% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 20 | 84% | 12% | 4% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 25 | 80% | 16% | 4% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jul 2019 | 22 | 85% | 10% | 5% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2019 | 26 | 79% | 13% | 8% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
EFG Private Bank Limited has standard payment terms of 30 days from receipt of an invoice although invoices are paid earlier if appropriate.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
In the event of any disputes with suppliers, this would normally be dealt with by the accounts payable team. Alternatively, if the accounts payable team cannot resolve the issue it will be dealt with by the supplier's relevant EFG business contact.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
EFG PRIVATE BANK LIMITED is a leading global private bank that offers a wide range of financial services to individuals, families, and institutions. The bank is committed to sustainability and has implemented various initiatives to minimize their environmental impact and promote responsible business practices.
The bank's sustainability program includes measures such as reducing their carbon footprint, promoting diversity and inclusivity, and supporting community projects and charities. They also have a responsible investment policy that considers environmental, social, and governance factors in their investment decisions.
EFG PRIVATE BANK LIMITED offers a variety of products and services, including wealth management, private banking, investment advisory, and asset management. They also provide specialized services for entrepreneurs and family businesses, such as succession planning and corporate finance.
Some key people in the bank include Joachim H. Straehle, the CEO, and Guido Buehler, the Head of Wealth Solutions and Chief Digital Officer. They are supported by a team of experienced professionals who are dedicated to providing personalized and high-quality services to their clients.
The bank's registered office address is 6 New Street Square, London EC4A 3AT, United Kingdom. They can be contacted through their website, www.efgl.com, or by phone at +44 (0) 20 7491 9111. EFG PRIVATE BANK LIMITED is committed to building long-term relationships with their clients and providing them with innovative and sustainable financial solutions.