Luzerner Kantonalbank AG

Founded in 1850, Luzerner Kantonalbank AG is a universal bank, providing retail and corporate banking products mainly to the canton residents (natural persons and legal entities). Traditionally for cantonal banks, Luzerner Kantonalbank AG is especially strong in savings and mortgage products. Like most of the cantonal banks, Luzerner Kantonalbank AG has full state guarantee of its liabilities. Luzerner Kantonalbank AG is the 10th largest bank in Switzerland in terms of total assets. In 2015 its total assets were 33 270,82 mln CHF, providing the bank with the market share of 1.10%. Luzerner Kantonalbank AG is the 3rd largest cantonal bank in Switzerland (out of 24 banks) having market share of 6.19% amongst the banks of this category.

Luzerner Kantonalbank AG is rated by Standard & Poor's. Long-term credit rating assigned to the bank by Standard & Poor's is AA (very strong capacity to meet its financial commitments).

Luzerner Kantonalbank AG is headquartered in Luzern.

Address
Pilatusstrasse 12, 6002, Luzern, Switzerland
P.O. Box
3567
Phone
0844 822 811
Fax
041 206 20 90
Website
http://www.lukb.ch
E-Mail
info@lukb.ch
Bank Category
Cantonal banks
Start Date
1850
Total Assets (2015)
33 270.82 mln CHF  (+13.24%)
Number of Employees (2015)
943  (-0.53%)
Credit Ratings (as of Apr 2016)
-/-/AA
Deposit Guarantee
100 000 CHF
BIC (SWIFT)
LUKBCH2260A
Company Number
CHE-105.845.092

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)
33 270.82 mln CHF  (+13.24%)

In 2015 total assets of Luzerner Kantonalbank AG were 33 270.82 mln CHF. Growth compared to the previous period (2014) was 13.24%. The evolution of the total assets of Luzerner Kantonalbank AG is shown at Chart 1 below.

Total Assets of Luzerner Kantonalbank AG. Chart 1. Total Assets of Luzerner Kantonalbank AG.

Recent changes in total assets of Luzerner Kantonalbank AG and its main components are shown in Table 1.

2014 2015 % change
Cash and deposits with Central Banks 915.1 3 745.3 +309.30%
Claims to banks 639.3 729.4 +14.09%
Claims to customers 3 224.6 3 358.6 +4.15%
Mortgages 21 029.0 22 130.6 +5.24%
Total Assets 29 381.4 33 270.8 +13.24%
Table 1. Recent changes in total assets of Luzerner Kantonalbank AG (mln CHF).

Recent changes in total liabilities of Luzerner Kantonalbank AG and its main components are shown in Table 2.

2014 2015 % change
Amount owed to banks 532.0 1 726.6 +224.55%
Amount owed to customers 20 344.1 21 014.0 +3.29%
Total Liabilities 29 381.4 33 270.8 +13.24%
Table 2. Recent changes in total liabilities of Luzerner Kantonalbank AG (mln CHF).

Profit and Loss

Annual Profit (2015)
180.11 mln CHF  (-0.93%)

Recent changes in gross profit of Luzerner Kantonalbank AG and its main components are shown in Table 3.

2014 2015 % change
Net Interest Income 320.5 303.6 -5.28%
Net Commission Income 84.1 82.7 -1.68%
Net Income from Trading Operations 20.9 22.5 +7.73%
Table 3. Recent changes in gross profit of Luzerner Kantonalbank AG (mln CHF).

In 2015 annual profit of Luzerner Kantonalbank AG was 180.11 mln CHF. Decline compared to the previous period (2014) was -0.93%. The evolution of the annual profit of Luzerner Kantonalbank AG is shown at Chart 2 below.

Annual Profit of Luzerner Kantonalbank AG. Chart 2. Annual Profit of Luzerner Kantonalbank AG.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2015)
10th (market share 1.10%)

Credit Ratings (as of Apr 2016)

Fitch Moody's S&P
- (not rated) - (not rated) AA (very strong capacity to meet its financial commitments)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, Luzerner Kantonalbank AG is rated by Standard & Poor's.

Credit ratings assigned to Luzerner Kantonalbank AG as of April 2016 are shown in details in the following sections.

Standard & Poor's

Long-term foreign currency rating for Luzerner Kantonalbank AG is set to AA (very strong capacity to meet its financial commitments). Long-term local currency rating is set to AA (very strong capacity to meet its financial commitments).

Long-Term Foreign Currency Rating  AA
    Outlook  stable (not likely to change)
    Credit Watch  -
Long-Term Local Currency Rating  AA
    Outlook  stable (not likely to change)
    Credit Watch  -
Short-Term Foreign Currency Rating  A-1+
Short-Term Local Currency Rating  A-1+

Short-term foreign currency rating for Luzerner Kantonalbank AG is set to A-1+ (strong capacity to meet its financial commitments). Short-term local currency rating is set to A-1+ (strong capacity to meet its financial commitments).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 CHF per depositor)
State Guarantee
full

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 Luzerner Kantonalbank AG 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  full

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 Luzerner Kantonalbank AG and its components are shown in the table below.

BIC  LUKBCH2260A
Bank BIC Code  LUKB
Country Code  CH (Switzerland)
Location Code  22
Branch Code  60A

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-105.845.092

Domestic Presence

Branches (2015)
26