Capital Security Bank was established in 1997 and is the only private bank operating within Cook Islands only. CSB is regulated by the Financial Supervisory Commission Cook Islands and holds both and international and domestic banking license.
The bank is covered by Professional Indemnity Insurance and operates in accordance with the Cook Islands Banking Act 2011, which provides comprehensive security and confidentially for bank customers. The confidentiality laws of the Cook Islands prohibit the disclosure of banking relationships except with the consent of the customer, ensuring that no creditor or foreign government can gain access to bank information except in the case of preventing money laundering or averting the financing of terrorism.
The bank does not lend against clients funds and remain 100% liquid and complies with International Financial Reporting Standards.
The bank offers traditional offshore banking services including call & term accounts in a wide range of currencies and investment account with access to stocks, bonds, mutual funds and other investment products.
CSB’s capital adequacy ratios: Core 11.3%, Tier1 11.3%, Total: 13.4%.