Founded in 1884, Glarner 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, Glarner Kantonalbank is especially strong in savings and mortgage products. Like most of the cantonal banks, Glarner Kantonalbank has full state guarantee of its liabilities.
In 2017 total assets of Glarner Kantonalbank were 5 640,51 mln CHF. Glarner Kantonalbank had 167 employees in 2015.
Glarner Kantonalbank is headquartered in Glarus.
|universal banking for natural persons and legal entities residing in the canton|
|mainly the canton|
Glarner Kantonalbank is focused on universal banking for natural persons and legal entities residing in the canton. Glarner Kantonalbank provides products and services in the areas of retail banking, corporate banking. The range of products offered by Glarner Kantonalbank includes savings products, mortgage loans.
|Total Assets (2017)|
|5 640.51 mln CHF (+6.85%)|
In 2017 total assets of Glarner Kantonalbank were 5 640.51 mln CHF. Growth compared to the previous period (2016) was 6.85%. The evolution of the total assets of Glarner Kantonalbank is shown at Chart 1 below.
Chart 1. Total Assets of Glarner Kantonalbank.
Recent changes in total assets of Glarner Kantonalbank and its main components are shown in Table 1.
|Cash and deposits with Central Banks||362.0|
|Claims to banks||60.1|
|Claims to customers||344.0|
|Total Assets||5 278.9||5 640.5||+6.85%|
|Table 1. Recent changes in total assets of Glarner Kantonalbank (mln CHF).|
Recent changes in total liabilities of Glarner Kantonalbank and its main components are shown in Table 2.
|Amount owed to banks||587.7|
|Amount owed to customers||3 230.1|
|Total Liabilities||5 278.9||5 640.5||+6.85%|
|Table 2. Recent changes in total liabilities of Glarner Kantonalbank (mln CHF).|
|Annual Profit (2016)|
|17.54 mln CHF (-12.40%)|
Recent changes in gross profit of Glarner Kantonalbank and its main components are shown in Table 3.
|Net Interest Income||46.7||48.5||+3.95%|
|Net Commission Income||9.7||9.0||-7.61%|
|Net Income from Trading Operations||3.8||5.5||+46.97%|
|Table 3. Recent changes in gross profit of Glarner Kantonalbank (mln CHF).|
In 2016 annual profit of Glarner Kantonalbank was 17.54 mln CHF. Decline compared to the previous period (2015) was -12.40%. The evolution of the annual profit of Glarner Kantonalbank is shown at Chart 2 below.
Chart 2. Annual Profit of Glarner Kantonalbank.
|Number of Employees (2015)|
In 2015 there were 167 employees of Glarner Kantonalbank. Growth compared to the previous period (2014) was 1.21%.
|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 Glarner 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 Glarner Kantonalbank and its components are shown in the table below.
|Bank BIC Code||GLKB|
|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.
In 2015 Glarner Kantonalbank had 6 branches in Switzerland. Decline compared to the previous period (2014) was -14.29%.