Founded in 1913, Aargauische Kantonalbank is a universal bank, providing retail and corporate 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.
Aargauische Kantonalbank is the 17th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 25 245,53 mln CHF, providing the bank with the market share of 0.82%. Aargauische Kantonalbank is the 6th largest cantonal bank in Switzerland (out of 24 banks) having market share of 4.56% amongst the banks of this category.
Aargauische Kantonalbank is headquartered in Aarau.
|universal banking for natural persons and legal entities residing in the canton|
|mainly the canton|
|Total Assets (2016)|
|25 245.53 mln CHF (+3.97%)|
In 2016 total assets of Aargauische Kantonalbank were 25 245.53 mln CHF. Growth compared to the previous period (2015) was 3.97%. The evolution of the total assets of Aargauische Kantonalbank is shown at Chart 1 below.
Chart 1. Total Assets of Aargauische Kantonalbank.
Recent changes in total assets of Aargauische Kantonalbank and its main components are shown in Table 1.
|Cash and deposits with Central Banks||2 591.4||2 607.6||+0.62%|
|Claims to banks||468.2||344.0||-26.52%|
|Claims to customers||1 246.2||1 282.3||+2.90%|
|Mortgages||18 521.6||19 560.5||+5.61%|
|Total Assets||24 282.6||25 245.5||+3.97%|
|Table 1. Recent changes in total assets of Aargauische Kantonalbank (mln CHF).|
Recent changes in total liabilities of Aargauische Kantonalbank and its main components are shown in Table 2.
|Amount owed to banks||2 724.1||2 461.2||-9.65%|
|Amount owed to customers||15 648.5||16 250.7||+3.85%|
|Total Liabilities||24 282.6||25 245.5||+3.97%|
|Table 2. Recent changes in total liabilities of Aargauische Kantonalbank (mln CHF).|
|Annual Profit (2016)|
|142.17 mln CHF (-8.49%)|
Recent changes in gross profit of Aargauische Kantonalbank and its main components are shown in Table 3.
|Net Interest Income||259.2||248.6||-4.08%|
|Net Commission Income||60.7||59.0||-2.87%|
|Net Income from Trading Operations||49.1||51.0||+3.91%|
|Table 3. Recent changes in gross profit of Aargauische Kantonalbank (mln CHF).|
In 2016 annual profit of Aargauische Kantonalbank was 142.17 mln CHF. Decline compared to the previous period (2015) was -8.49%. The evolution of the annual profit of Aargauische Kantonalbank is shown at Chart 2 below.
Chart 2. Annual Profit of Aargauische Kantonalbank.
|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 Aargauische Kantonalbank 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 Aargauische Kantonalbank and its components are shown in the table below.
|Bank BIC Code||KBAG|
|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.