Founded in 1890, Schwyzer Kantonalbank is a universal bank, providing retail and business banking products mainly to the canton residents (natural persons and legal entities). Traditionally for cantonal banks, Schwyzer Kantonalbank is especially strong in savings and mortgage products. Like most of the cantonal banks, Schwyzer Kantonalbank has full state guarantee of its liabilities.
Becoming a client of Schwyzer Kantonalbank can be done in a few steps:
Due to regulatory requirements Schwyzer Kantonalbank performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Schwyzer Kantonalbank will ask him/her to provide the following documents: passport; proof of address. For corporate clients Schwyzer Kantonalbank will ask to provide corporate documentation as well as information about controlling persons. Schwyzer Kantonalbank may request additional documentation or information depending on the case. Schwyzer Kantonalbank performs client's identity verification via branch visit.
Schwyzer Kantonalbank is the 28th largest bank in Switzerland in terms of total assets. In 2019 its total assets were 20 081,49 mln CHF, providing the bank with the market share of 0.61%. Schwyzer Kantonalbank is the 13th largest cantonal bank in Switzerland (out of 24 cantonal banks) having market share of 3.20% amongst the banks of this category. In 2019 the bank's annual profit was 78,22 mln CHF. Schwyzer Kantonalbank had 490 employees in 2015.
Schwyzer Kantonalbank participates in the deposit guarantee scheme of Switzerland. This deposit guarantee scheme applies to credit balances made by private individuals (Swiss and foreign), legal entities (Swiss and foreign) and covers up to up to 100,000 CHF per bank per depositor. Schwyzer Kantonalbank is a member of esisuisse – Deposit Insurance (ESI) and makes its contributions into it.
Schwyzer Kantonalbank is headquartered in Schwyz.
Schwyzer Kantonalbank has profiles at the following social networks:
Schwyzer Kantonalbank is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE-108.954.429).