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Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich

Anna MileikoCreated by Anna Mileiko

Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich Logo

Address

Stockerstrasse 23, 8002, Zürich, Switzerland

BIC

BOFACH2X

Overview

Category

Branches of foreign banks

Business Focus

investment banking

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 Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich operates as a branch of Bank of America Corporation (United States).

Performance

In 2023, Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich achieved the position of 65th largest bank in Switzerland with a market share of 0.11%; its total assets dropped by 53.51%.

Deposit Protection

Deposits up to 100,000 CHF are covered by Swiss deposit guarantee scheme in Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich.

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Financials

Total Assets of Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich
Annual_profit of Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich
Market Share of Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich
Total Assets (2023)
3,112.40 mln CHF   (-53.51%)
Annual Profit (2023)
48.20 mln CHF   (+423.91%)
Number of Employees (2023)
47   (+9.35%)

Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich is the 65th largest bank in Switzerland in terms of total assets. In 2023 its total assets were 3 112,40 mln CHF, providing the bank with the market share of 0.11%. Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich is the 4th largest branches of foreign bank in Switzerland (out of 10 branches of foreign banks) having market share of 10.29% amongst the banks of this category. In 2023 the bank's annual profit was 48,20 mln CHF. Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich had 47 employees in 2023.

Deposit Guarantee

Guarantee Fund
esisuisse – Deposit Insurance (ESI)esisuisse – Deposit Insurance (ESI)
Protected Amount
up to 100,000 CHF
Eligible Depositors
private individuals (Swiss and foreign)
legal entities (Swiss and foreign)
Covered Accounts
credit balances

Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich participates in the deposit guarantee scheme of Switzerland which applies to credit balances made by private individuals (Swiss and foreign), legal entities (Swiss and foreign) and covers up to up to 100,000 CHF per bank per depositor. Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich is a member of esisuisse – Deposit Insurance (ESI) and makes its contributions into it.

See Also

Contacts

addressStockerstrasse 23, 8002, Zürich, Switzerland

Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich is located in Zürich.

See Also

Bank Identifiers

BIC (SWIFT)
BOFACH2X
Company Number
CHE-281.038.622

Bank Supervision

Supervised By
Swiss Financial Market Supervisory Authority

Bank of America Europe Designated Activity Company, Dublin, Zweigniederlassung Zürich is authorized and supervised by the Swiss Financial Market Supervisory Authority.

Bank History

Founded
2016
Previous Name
Bank of America Merrill Lynch International Limited, London, Zurich Branch
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