Banque Cantonale Vaudoise

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.

Bank Category

Cantonal banks

Services

Retail Banking
Corporate Banking

Financials

Total Assets (2017)
44 565.40 mln CHF  (+3.07%)
Number of Employees (2015)
1 947  (+0.05%)

In 2017 total assets of Banque Cantonale Vaudoise were 44 565,40 mln CHF. Banque Cantonale Vaudoise had 1 947 employees in 2015.

Banque Cantonale Vaudoise is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade).

Contacts

Place Saint-François 14, 1001, Lausanne, Switzerland
300
021 212 12 12

Banque Cantonale Vaudoise is headquartered in Lausanne.

Bank Identifiers

BIC (SWIFT)
BCVLCH2LXXX
Company Number
CHE-105.934.376
Founded
1845

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

Banque Cantonale Vaudoise is focused on universal banking for natural persons and legal entities residing in the canton. Banque Cantonale Vaudoise provides products and services in the areas of retail banking, corporate banking. The range of products offered by Banque Cantonale Vaudoise includes savings products, mortgage loans.

Financial Positions

Total Assets (2017)
44 565.40 mln CHF  (+3.07%)

In 2017 total assets of Banque Cantonale Vaudoise were 44 565.40 mln CHF. Growth compared to the previous period (2016) was 3.07%. The evolution of the total assets of Banque Cantonale Vaudoise is shown at Chart 1 below.

Total Assets of Banque Cantonale Vaudoise.

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.

2016 2017 % change
Cash and deposits with Central Banks 7 495.6
Claims to banks 1 373.4
Claims to customers 4 812.0
Mortgages 25 036.9
Total Assets 43 239.8 44 565.4 +3.07%
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.

2016 2017 % change
Amount owed to banks 1 070.0
Amount owed to customers 29 244.9
Total Liabilities 43 239.8 44 565.4 +3.07%
Table 2. Recent changes in total liabilities of Banque Cantonale Vaudoise (mln CHF).

Profit and Loss

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.

2015 2016 % change
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.

Annual Profit of Banque Cantonale Vaudoise.

Chart 2. Annual Profit of Banque Cantonale Vaudoise.

Number of Employees

Number of Employees (2015)
1 947  (+0.05%)

In 2015 there were 1 947 employees of Banque Cantonale Vaudoise. Growth compared to the previous period (2014) was 0.05%.

Market Share and Rank (among banks in Switzerland)

Total Assets (2016)
9th (market share 1.40%)

In 2016 Banque Cantonale Vaudoise was ranked the 9th largest bank in Switzerland in terms of total assets, having 1.40% of the domestic market share.

Market share of Banque Cantonale Vaudoise (among banks in Switzerland)

Chart 3. Market share of Banque Cantonale Vaudoise (among banks in Switzerland)

Several banks having the market shares and ranks closest to Banque Cantonale Vaudoise are shown below.

RankNameTotal AssetsMarket Share
8 Bank Julius Bär & Co. AG90935.92 mln CHF2.94%
9 Banque Cantonale Vaudoise43239.85 mln CHF1.40%
10 Migros Bank AG42752.24 mln CHF1.38%
 

Market Share and Rank (among Cantonal banks in Switzerland)

Total Assets (2016)
2nd (market share 7.82%)

In 2016 Banque Cantonale Vaudoise was ranked the 2nd largest cantonal bank in Switzerland in terms of total assets, having 7.82% of the category's market share.

Market share of Banque Cantonale Vaudoise (among Cantonal banks in Switzerland)

Chart 4. Market share of Banque Cantonale Vaudoise (among Cantonal banks in Switzerland)

Several cantonal banks having the market shares and ranks closest to Banque Cantonale Vaudoise are shown below.

RankNameTotal AssetsMarket Share
1 Zürcher Kantonalbank156360.44 mln CHF28.26%
2 Banque Cantonale Vaudoise43239.85 mln CHF7.82%
3 Luzerner Kantonalbank AG34854.75 mln CHF6.30%
 

Credit Ratings (as of May 2018)

Fitch Moody's
- (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 May 2018 are shown in details in the following sections.

Moody's

Long-term rating for Banque Cantonale Vaudoise it is set to Aa2 (high grade). Long-term bank deposit rating is Aa2 (high grade). Baseline credit assessment is a2. Short-term rating is not assigned.

Long-Term Rating  Aa2
Long-Term Bank Deposit Rating  Aa2
Baseline Credit Assessment  a2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Banque Cantonale Vaudoise is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 CHF per depositor)
State Guarantee
none

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)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF
State Guarantee  none

Further Information

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 Vaudoise and its components are shown in the table below.

BIC  BCVLCH2LXXX
Bank BIC Code  BCVL
Country Code  CH (Switzerland)
Location Code  2L
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-105.934.376

Domestic Presence

Branches (2015)
74 

In 2015 Banque Cantonale Vaudoise had 74 branches in Switzerland. The value didn't change compared to the previous period (2014).

European Presence: 2 banks in 2 countries

Banque Cantonale Vaudoise operates under the brand of the same name (Banque Cantonale Vaudoise) which has presence in the following European countries and selected dependent territories of the European countries:

Guernsey

Switzerland

  •  (this bank) Banque Cantonale Vaudoise (Lausanne)