Banque Cantonale de Fribourg

Founded in 1892, Banque Cantonale de Fribourg is a universal bank, providing retail and corporate banking products mainly to the canton residents (natural persons and legal entities). Traditionally for cantonal banks, Banque Cantonale de Fribourg is especially strong in savings and mortgage products. Like most of the cantonal banks, Banque Cantonale de Fribourg has full state guarantee of its liabilities. Banque Cantonale de Fribourg is the 23rd largest bank in Switzerland in terms of total assets. In 2015 its total assets were 20 623,24 mln CHF, providing the bank with the market share of 0.68%. Banque Cantonale de Fribourg is the 11th largest cantonal bank in Switzerland (out of 24 banks) having market share of 3.84% amongst the banks of this category.

Banque Cantonale de Fribourg is headquartered in Fribourg.

Address
Bd de Pérolles 1, 1701, Fribourg, Switzerland
P.O. Box
151
Phone
0848 223 223
Fax
026 350 77 09
Website
http://www.bcf.ch
E-Mail
info@bcf.ch
Bank Category
Cantonal banks
Start Date
1892
Total Assets (2015)
20 623.24 mln CHF  (+8.90%)
Number of Employees (2015)
380  (+2.15%)
Deposit Guarantee
100 000 CHF
BIC (SWIFT)
BEFRCH22XXX
Company Number
CHE-108.954.576

Business Summary

Business Focus
universal banking for natural persons and legal entities residing in the canton
Services
retail banking
corporate banking
Products
savings products
mortgage loans
Area Served
mainly the canton

Financial Positions

Total Assets (2015)
20 623.24 mln CHF  (+8.90%)

In 2015 total assets of Banque Cantonale de Fribourg were 20 623.24 mln CHF. Growth compared to the previous period (2014) was 8.90%. The evolution of the total assets of Banque Cantonale de Fribourg is shown at Chart 1 below.

Total Assets of Banque Cantonale de Fribourg. Chart 1. Total Assets of Banque Cantonale de Fribourg.

Recent changes in total assets of Banque Cantonale de Fribourg and its main components are shown in Table 1.

2014 2015 % change
Cash and deposits with Central Banks 859.5 2 396.6 +178.84%
Claims to banks 774.2 302.2 -60.97%
Claims to customers 3 153.8 3 068.5 -2.70%
Mortgages 12 801.4 13 433.9 +4.94%
Total Assets 18 938.2 20 623.2 +8.90%
Table 1. Recent changes in total assets of Banque Cantonale de Fribourg (mln CHF).

Recent changes in total liabilities of Banque Cantonale de Fribourg and its main components are shown in Table 2.

2014 2015 % change
Amount owed to banks 990.0 921.6 -6.91%
Amount owed to customers 11 601.6 12 214.0 +5.28%
Total Liabilities 18 938.2 20 623.2 +8.90%
Table 2. Recent changes in total liabilities of Banque Cantonale de Fribourg (mln CHF).

Profit and Loss

Annual Profit (2015)
122.69 mln CHF  (+2.10%)

Recent changes in gross profit of Banque Cantonale de Fribourg and its main components are shown in Table 3.

2014 2015 % change
Net Interest Income 201.5 206.4 +2.40%
Net Commission Income 36.4 31.8 -12.50%
Net Income from Trading Operations 10.9 11.0 +1.11%
Table 3. Recent changes in gross profit of Banque Cantonale de Fribourg (mln CHF).

In 2015 annual profit of Banque Cantonale de Fribourg was 122.69 mln CHF. Growth compared to the previous period (2014) was 2.10%. The evolution of the annual profit of Banque Cantonale de Fribourg is shown at Chart 2 below.

Annual Profit of Banque Cantonale de Fribourg. Chart 2. Annual Profit of Banque Cantonale de Fribourg.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2015)
23rd (market share 0.68%)

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 CHF per depositor)
State Guarantee
full

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 Banque Cantonale de Fribourg 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
State Guarantee  full

Further Information

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

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 Banque Cantonale de Fribourg and its components are shown in the table below.

BIC  BEFRCH22XXX
Bank BIC Code  BEFR
Country Code  CH (Switzerland)
Location Code  22
Branch Code  XXX

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-108.954.576

Domestic Presence

Branches (2015)
29