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 11th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 34 854,75 mln CHF, providing the bank with the market share of 1.13%. Luzerner Kantonalbank AG is the 3rd largest cantonal bank in Switzerland (out of 24 banks) having market share of 6.30% amongst the banks of this category.
Luzerner Kantonalbank AG is headquartered in Luzern.
|universal banking for natural persons and legal entities residing in the canton|
|mainly the canton|
|Total Assets (2016)|
|34 854.75 mln CHF (+4.76%)|
In 2016 total assets of Luzerner Kantonalbank AG were 34 854.75 mln CHF. Growth compared to the previous period (2015) was 4.76%. The evolution of the total assets of Luzerner Kantonalbank AG is shown at Chart 1 below.
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.
|Cash and deposits with Central Banks||3 745.3||4 349.0||+16.12%|
|Claims to banks||729.4||309.4||-57.59%|
|Claims to customers||3 358.6||3 535.9||+5.28%|
|Mortgages||22 130.6||23 284.2||+5.21%|
|Total Assets||33 270.8||34 854.8||+4.76%|
|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.
|Amount owed to banks||1 726.6||2 347.6||+35.97%|
|Amount owed to customers||21 014.0||21 656.7||+3.06%|
|Total Liabilities||33 270.8||34 854.8||+4.76%|
|Table 2. Recent changes in total liabilities of Luzerner Kantonalbank AG (mln CHF).|
|Annual Profit (2016)|
|186.57 mln CHF (+3.58%)|
Recent changes in gross profit of Luzerner Kantonalbank AG and its main components are shown in Table 3.
|Net Interest Income||303.6||318.9||+5.04%|
|Net Commission Income||82.7||82.4||-0.26%|
|Net Income from Trading Operations||22.5||29.6||+31.81%|
|Table 3. Recent changes in gross profit of Luzerner Kantonalbank AG (mln CHF).|
In 2016 annual profit of Luzerner Kantonalbank AG was 186.57 mln CHF. Growth compared to the previous period (2015) was 3.58%. The evolution of the annual profit of Luzerner Kantonalbank AG is shown at Chart 2 below.
Chart 2. Annual Profit of Luzerner Kantonalbank AG.
|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 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)|
|Maximum Protected Amount||100 000 CHF|
|Paid In Currency||CHF|
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.
|Bank BIC Code||LUKB|
|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.