IG Bank is a member of UK-based IG Group. IG Bank specializes in providing online trading services for a variety of financial instruments.
IG Bank S.A. is the 229th largest bank in Switzerland in terms of total assets. In 2017 its total assets were 119,56 mln CHF, providing the bank with the market share of 0.00%. IG Bank S.A. is the 75th largest foreign-controlled bank in Switzerland (out of 76 foreign-controlled banks) having market share of 0.05% amongst the banks of this category. In 2016 the bank's annual profit was 400 000,00 CHF. IG Bank S.A. had 18 employees in 2016.
IG Bank S.A. participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
IG Bank S.A. is headquartered in Genève.
|Total Assets (2017)|
|119.56 mln CHF (+159.47%)|
|Assets Under Management (2016)|
In 2017 total assets of IG Bank S.A. were 119.56 mln CHF. Growth compared to the previous period (2016) was 159.47%. The evolution of the total assets of IG Bank S.A. is shown at Chart 1 below.
Chart 1. Total Assets of IG Bank S.A..
In 2016 assets under management of IG Bank S.A. were 0.00 CHF.
|Gross Profit (2016)|
|8.80 mln CHF|
|Operating Income (2016)|
|1.00 mln CHF|
|Annual Profit (2016)|
|400 000.00 CHF|
In 2016 gross profit of IG Bank S.A. was 8.80 mln CHF.
The structure of gross profit of IG Bank S.A. is shown in Table 1.
|Net Interest Income||-0.2|
|Net Commission Income||-0.2|
|Net Income from Trading Operations||9.2|
|Table 1. Structure of gross profit of IG Bank S.A. (mln CHF).|
In 2016 annual profit of IG Bank S.A. was 400 000.00 CHF.
|Number of Employees (2016)|
In 2016 there were 18 employees of IG Bank S.A..
|Yes (up to 100 000 CHF per depositor)|
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 IG Bank S.A. 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|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) 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.
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).
BIC of IG Bank S.A. and its components are shown in the table below.
|Bank BIC Code||IGBK|
|Country Code||CH (Switzerland)|
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.