Founded in 1884, Glarner 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, 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.
Becoming a client of Glarner Kantonalbank can be done in a few steps:
Due to regulatory requirements Glarner Kantonalbank performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Glarner Kantonalbank will ask him/her to provide the following documents: passport; proof of address. For corporate clients Glarner Kantonalbank will ask to provide corporate documentation as well as information about controlling persons. Glarner Kantonalbank may request additional documentation or information depending on the case. Glarner Kantonalbank performs client's identity verification via branch visit.
Glarner Kantonalbank is the 54th largest bank in Switzerland in terms of total assets. In 2019 its total assets were 6 403,67 mln CHF, providing the bank with the market share of 0.19%. Glarner Kantonalbank is the 19th largest cantonal bank in Switzerland (out of 24 cantonal banks) having market share of 1.02% amongst the banks of this category. In 2019 the bank's annual profit was 25,18 mln CHF. Glarner Kantonalbank had 167 employees in 2015.
Glarner 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. Glarner Kantonalbank is a member of esisuisse – Deposit Insurance (ESI) and makes its contributions into it.
Glarner Kantonalbank is headquartered in Glarus.
Glarner Kantonalbank has profiles at the following social networks:
Glarner Kantonalbank is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE-108.954.719).