Founded in 1890, Schwyzer Kantonalbank is a universal bank, providing retail and corporate 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.
In 2017 total assets of Schwyzer Kantonalbank were 17 557,52 mln CHF. Schwyzer Kantonalbank had 490 employees in 2015.
Schwyzer Kantonalbank is headquartered in Schwyz.
|universal banking for natural persons and legal entities residing in the canton|
|mainly the canton|
Schwyzer Kantonalbank is focused on universal banking for natural persons and legal entities residing in the canton. Schwyzer Kantonalbank provides products and services in the areas of retail banking, corporate banking. The range of products offered by Schwyzer Kantonalbank includes savings products, mortgage loans.
|Total Assets (2017)|
|17 557.52 mln CHF (+5.33%)|
In 2017 total assets of Schwyzer Kantonalbank were 17 557.52 mln CHF. Growth compared to the previous period (2016) was 5.33%. The evolution of the total assets of Schwyzer Kantonalbank is shown at Chart 1 below.
Chart 1. Total Assets of Schwyzer Kantonalbank.
Recent changes in total assets of Schwyzer Kantonalbank and its main components are shown in Table 1.
|Cash and deposits with Central Banks||1 862.4|
|Claims to banks||457.3|
|Claims to customers||1 224.7|
|Total Assets||16 668.8||17 557.5||+5.33%|
|Table 1. Recent changes in total assets of Schwyzer Kantonalbank (mln CHF).|
Recent changes in total liabilities of Schwyzer Kantonalbank and its main components are shown in Table 2.
|Amount owed to banks||678.6|
|Amount owed to customers||11 432.6|
|Total Liabilities||16 668.8||17 557.5||+5.33%|
|Table 2. Recent changes in total liabilities of Schwyzer Kantonalbank (mln CHF).|
|Annual Profit (2016)|
|75.21 mln CHF (+2.17%)|
Recent changes in gross profit of Schwyzer Kantonalbank and its main components are shown in Table 3.
|Net Interest Income||174.9||188.1||+7.52%|
|Net Commission Income||30.8||32.6||+5.75%|
|Net Income from Trading Operations||11.5||32.6||+184.54%|
|Table 3. Recent changes in gross profit of Schwyzer Kantonalbank (mln CHF).|
In 2016 annual profit of Schwyzer Kantonalbank was 75.21 mln CHF. Growth compared to the previous period (2015) was 2.17%. The evolution of the annual profit of Schwyzer Kantonalbank is shown at Chart 2 below.
Chart 2. Annual Profit of Schwyzer Kantonalbank.
|Number of Employees (2015)|
In 2015 there were 490 employees of Schwyzer Kantonalbank. Growth compared to the previous period (2014) was 1.45%.
|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 Schwyzer Kantonalbank 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 Schwyzer Kantonalbank and its components are shown in the table below.
|Bank BIC Code||KBSZ|
|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.
In 2015 Schwyzer Kantonalbank had 24 branches in Switzerland. The value didn't change compared to the previous period (2014).