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. Banque Cantonale Vaudoise is the 7th largest bank in Switzerland in terms of total assets. In 2015 its total assets were 42 563,38 mln CHF, providing the bank with the market share of 1.41%. Banque Cantonale Vaudoise is the 2nd largest cantonal bank in Switzerland (out of 24 banks) having market share of 7.92% 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.

Address
Place Saint-François 14, 1001, Lausanne, Switzerland
P.O. Box
300
Phone
021 212 12 12
Website
http://www.bcv.ch
E-Mail
info@bcv.ch
Bank Category
Cantonal banks
Start Date
1845
Total Assets (2015)
42 563.38 mln CHF  (+3.09%)
Number of Employees (2015)
1 947  (+0.05%)
Credit Ratings (as of Apr 2016)
-/Aa2
Deposit Guarantee
100 000 CHF
BIC (SWIFT)
BCVLCH2LXXX
Company Number
CHE-105.934.376

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)
42 563.38 mln CHF  (+3.09%)

In 2015 total assets of Banque Cantonale Vaudoise were 42 563.38 mln CHF. Growth compared to the previous period (2014) was 3.09%. 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.

2014 2015 % change
Cash and deposits with Central Banks 4 959.8 6 860.6 +38.32%
Claims to banks 1 481.9 1 810.0 +22.14%
Claims to customers 5 675.4 4 935.1 -13.04%
Mortgages 24 046.0 24 521.9 +1.98%
Total Assets 41 287.7 42 563.4 +3.09%
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.

2014 2015 % change
Amount owed to banks 1 156.6 1 224.2 +5.85%
Amount owed to customers 28 877.3 28 877.3 0.00%
Total Liabilities 41 287.7 42 563.4 +3.09%
Table 2. Recent changes in total liabilities of Banque Cantonale Vaudoise (mln CHF).

Profit and Loss

Annual Profit (2015)
336.33 mln CHF  (+13.59%)

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

2014 2015 % change
Net Interest Income 520.6 490.1 -5.86%
Net Commission Income 343.4 332.3 -3.24%
Net Income from Trading Operations 106.4 150.5 +41.47%
Table 3. Recent changes in gross profit of Banque Cantonale Vaudoise (mln CHF).

In 2015 annual profit of Banque Cantonale Vaudoise was 336.33 mln CHF. Growth compared to the previous period (2014) was 13.59%. 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.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2015)
7th (market share 1.41%)

Credit Ratings (as of Apr 2016)

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 April 2016 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). Bank financial strength rating is a2. Short-term rating is not assigned.

Long-Term Rating  Aa2
Long-Term Bank Deposit Rating  Aa2
Bank Financial Strength Rating  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

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 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 

European Presence: 2 banks in 2 countries

This bank operates in the following European countries and selected dependent territories of the European countries:

Guernsey

Switzerland

  •  (this bank) Banque Cantonale Vaudoise (Lausanne)