Founded in 1899, Appenzeller 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, Appenzeller Kantonalbank is especially strong in savings and mortgage products. Like most of the cantonal banks, Appenzeller Kantonalbank has full state guarantee of its liabilities.
Becoming a client of Appenzeller Kantonalbank can be done in a few steps:
Due to regulatory requirements Appenzeller Kantonalbank performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Appenzeller Kantonalbank will ask him/her to provide the following documents: passport; proof of address. For corporate clients Appenzeller Kantonalbank will ask to provide corporate documentation as well as information about controlling persons. Appenzeller Kantonalbank may request additional documentation or information depending on the case. Appenzeller Kantonalbank performs client's identity verification via branch visit.
Appenzeller Kantonalbank is the 71st largest bank in Switzerland in terms of total assets. In 2019 its total assets were 3 504,20 mln CHF, providing the bank with the market share of 0.11%. Appenzeller Kantonalbank is the 22nd largest cantonal bank in Switzerland (out of 24 cantonal banks) having market share of 0.56% amongst the banks of this category. In 2019 the bank's annual profit was 12,31 mln CHF. Appenzeller Kantonalbank had 76 employees in 2015.
Appenzeller 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. Appenzeller Kantonalbank is a member of esisuisse – Deposit Insurance (ESI) and makes its contributions into it.
Appenzeller Kantonalbank is headquartered in Appenzell.
Appenzeller Kantonalbank has profiles at the following social networks:
Appenzeller Kantonalbank is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE108954702).