Founded in 1845, Banque Cantonale Vaudoise 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 Vaudoise is especially strong in savings and mortgage products. Unlike most of the cantonal banks, Banque Cantonale Vaudoise doesn't have any state guarantee of its liabilities.
Banque Cantonale Vaudoise is the 9th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 43 239,85 mln CHF, providing the bank with the market share of 1.40%. Banque Cantonale Vaudoise is the 2nd largest cantonal bank in Switzerland (out of 24 banks) having market share of 7.82% amongst the banks of this category.
Banque Cantonale Vaudoise is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade).
Banque Cantonale Vaudoise is headquartered in Lausanne.
|universal banking for natural persons and legal entities residing in the canton|
|mainly the canton|
|Total Assets (2016)|
|43 239.85 mln CHF (+1.59%)|
In 2016 total assets of Banque Cantonale Vaudoise were 43 239.85 mln CHF. Growth compared to the previous period (2015) was 1.59%. The evolution of the total assets of Banque Cantonale Vaudoise is shown at Chart 1 below.
Chart 1. Total Assets of Banque Cantonale Vaudoise.
Recent changes in total assets of Banque Cantonale Vaudoise and its main components are shown in Table 1.
|Cash and deposits with Central Banks||6 860.6||7 495.6||+9.26%|
|Claims to banks||1 810.0||1 373.4||-24.12%|
|Claims to customers||4 935.1||4 812.0||-2.50%|
|Mortgages||24 521.9||25 036.9||+2.10%|
|Total Assets||42 563.4||43 239.8||+1.59%|
|Table 1. Recent changes in total assets of Banque Cantonale Vaudoise (mln CHF).|
Recent changes in total liabilities of Banque Cantonale Vaudoise and its main components are shown in Table 2.
|Amount owed to banks||1 224.2||1 070.0||-12.59%|
|Amount owed to customers||28 877.3||29 244.9||+1.27%|
|Total Liabilities||42 563.4||43 239.8||+1.59%|
|Table 2. Recent changes in total liabilities of Banque Cantonale Vaudoise (mln CHF).|
|Annual Profit (2016)|
|309.62 mln CHF (-7.94%)|
Recent changes in gross profit of Banque Cantonale Vaudoise and its main components are shown in Table 3.
|Net Interest Income||490.1||477.8||-2.50%|
|Net Commission Income||332.3||307.9||-7.32%|
|Net Income from Trading Operations||150.5||139.2||-7.49%|
|Table 3. Recent changes in gross profit of Banque Cantonale Vaudoise (mln CHF).|
In 2016 annual profit of Banque Cantonale Vaudoise was 309.62 mln CHF. Decline compared to the previous period (2015) was -7.94%. The evolution of the annual profit of Banque Cantonale Vaudoise is shown at Chart 2 below.
Chart 2. Annual Profit of Banque Cantonale Vaudoise.
|- (not rated)||Aa2 (high grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Banque Cantonale Vaudoise is rated by Moody's.
Credit ratings assigned to Banque Cantonale Vaudoise as of April 2016 are shown in details in the following sections.
Long-term rating for Banque Cantonale Vaudoise it is set to Aa2 (high grade). Long-term bank deposit rating is Aa2 (high grade). Bank financial strength rating is a2. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Aa2|
|Bank Financial Strength Rating||a2|
Outlook for the ratings of Banque Cantonale Vaudoise is set to stable (not likely to change).
|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 Banque Cantonale Vaudoise 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|
Any bank can be identified for different purposes and hence can have several different identifiers.
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 Vaudoise and its components are shown in the table below.
|Bank BIC Code||BCVL|
|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.