Founded in 1913, Aargauische Kantonalbank is a universal bank, providing retail and business banking products mainly to the canton residents (natural persons and legal entities). Traditionally for cantonal banks, Aargauische Kantonalbank is especially strong in savings and mortgage products. Like most of the cantonal banks, Aargauische Kantonalbank has full state guarantee of its liabilities.
Becoming a client of Aargauische Kantonalbank can be done in a few steps:
Due to regulatory requirements Aargauische Kantonalbank performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Aargauische Kantonalbank will ask him/her to provide the following documents: passport; proof of address. For corporate clients Aargauische Kantonalbank will ask to provide corporate documentation as well as information about controlling persons. Aargauische Kantonalbank may request additional documentation or information depending on the case. Aargauische Kantonalbank performs client's identity verification via branch visit.
Aargauische Kantonalbank is the 16th largest bank in Switzerland in terms of total assets. In 2019 its total assets were 30 242,77 mln CHF, providing the bank with the market share of 0.91%. Aargauische Kantonalbank is the 6th largest cantonal bank in Switzerland (out of 24 cantonal banks) having market share of 4.83% amongst the banks of this category. In 2019 the bank's annual profit was 147,51 mln CHF. Aargauische Kantonalbank had 690 employees in 2015.
Aargauische Kantonalbank participates in the deposit guarantee scheme of Switzerland. This deposit guarantee scheme 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. Aargauische Kantonalbank is a member of esisuisse – Deposit Insurance (ESI) and makes its contributions into it.
Aargauische Kantonalbank is headquartered in Aarau.
Aargauische Kantonalbank has profiles at the following social networks:
Aargauische Kantonalbank is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE105845287).