|Address||3454, Switzerland, Sumiswald, Kirchgasse 2|
|Phone||034 432 37 37|
|Fax||034 432 37 54|
|Bank Category||Regional banks and savings banks / RBA Holding banks|
|Deposit Guarantee||Yes (up to 100 000 CHF per depositor)|
|Total Assets (2013)||1 411.21 mln CHF (+2.40%)|
Any bank can be identified for different purposes and hence can have several different identifiers.
BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
|Bank BIC Code||RBAB|
|Country Code||CH (Switzerland)|
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.
In the case of Bernerland Bank AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, commercial enterprises and public-sector offices|
|Covered Accounts||credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)|
|Maximum Protected Amount||100 000 CHF|
|Paid In Currency||CHF|
Further Information: Deposit Guarantee Scheme in Switzerland
In 2013 total assets of Bernerland Bank AG were 1 411.21 mln CHF. Growth compared to the previous period (2012) was 2.40%. The evolution of the total assets of Bernerland Bank AG is shown at Chart 1 below.