Bank of America, National Association, Charlotte, Zurich Branch

Bank of America is an American financial services and banking corporation. Bank of America provides a broad spectrum of services, including retail and private banking, asset management, corporate banking, investment banking and insurance. Bank of America, National Association, Charlotte, Zurich Branch operated as a branch of Bank of America Corporation (United States).

Bank Category

Branches of foreign banks

Financials

Total Assets (2015)
566.99 mln CHF

Bank of America, National Association, Charlotte, Zurich Branch was the 154th largest bank in Switzerland in terms of total assets. In 2015 its total assets were 566,99 mln CHF, providing the bank with the market share of 0.02%. Bank of America, National Association, Charlotte, Zurich Branch was the 14th largest branches of foreign bank in Switzerland (out of 26 branches of foreign banks) having market share of 0.78% amongst the banks of this category.

Bank of America, National Association, Charlotte, Zurich Branch participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Contacts

Zürich, Switzerland

Bank of America, National Association, Charlotte, Zurich Branch was located in Zürich.

Bank Identifiers

Company Number
CHE-483.550.843
Founded
2015
Closed
2016

Financial Positions

Total Assets (2015)
566.99 mln CHF

In 2015 total assets of Bank of America, National Association, Charlotte, Zurich Branch were 566.99 mln CHF.

Market Share and Rank (among banks in Switzerland)

Total Assets (2015)
154th (market share 0.02%)

In 2015 Bank of America, National Association, Charlotte, Zurich Branch was ranked the 154th largest bank in Switzerland in terms of total assets, having 0.02% of the domestic market share.

Market share of Bank of America, National Association,  Charlotte, Zurich Branch (among banks in Switzerland)

Chart 1. Market share of Bank of America, National Association, Charlotte, Zurich Branch (among banks in Switzerland)

Several banks having the market shares and ranks closest to Bank of America, National Association, Charlotte, Zurich Branch are shown below.

RankNameTotal AssetsMarket Share
153 Credit Europe Bank (Suisse) SA584.22 mln CHF0.02%
154 Bank of America, National Association, Charlotte, Zurich Branch (closed)566.99 mln CHF0.02%
158 BANQUE PRIVEE BCP (SUISSE) SA562.51 mln CHF0.02%
 

Market Share and Rank (among Branches of foreign banks in Switzerland)

Total Assets (2015)
14th (market share 0.78%)

In 2015 Bank of America, National Association, Charlotte, Zurich Branch was ranked the 14th largest branches of foreign bank in Switzerland in terms of total assets, having 0.78% of the category's market share.

Market share of Bank of America, National Association,  Charlotte, Zurich Branch (among Branches of foreign banks in Switzerland)

Chart 2. Market share of Bank of America, National Association, Charlotte, Zurich Branch (among Branches of foreign banks in Switzerland)

Several branches of foreign banks having the market shares and ranks closest to Bank of America, National Association, Charlotte, Zurich Branch are shown below.

RankNameTotal AssetsMarket Share
13 Hypo Vorarlberg Bank AG, Bregenz, Zweigniederlassung St.Gallen653.81 mln CHF0.92%
14 Bank of America, National Association, Charlotte, Zurich Branch (closed)566.99 mln CHF0.78%
15 RBC Investor Services Bank S.A., Esch-sur-Alzette, Zweigniederlassung Zürich514.88 mln CHF0.68%
 

Deposit Guarantee

Deposit Guarantee
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 Bank of America, National Association, Charlotte, Zurich Branch 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)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF

Further Information

Company Registration Number

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.

Company Number  CHE-483.550.843

European Presence: 14 banks in 11 countries

Bank of America, National Association, Charlotte, Zurich Branch operated under the brand name Bank of America. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Belgium

Cayman Islands

France

Germany

Greece

Ireland

Italy

Netherlands

Spain

Switzerland

United Kingdom

Defunct Banks: 5 banks in 5 countries

The following banks operating under Bank of America brand name has been recently closed down:

Belgium

Ireland

Italy

Netherlands

Switzerland

  •  (this bank) Bank of America, National Association, Charlotte, Zurich Branch (Zürich)