Schwyzer Kantonalbank

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. Schwyzer Kantonalbank is the 31st largest bank in Switzerland in terms of total assets. In 2016 its total assets were 16 668,80 mln CHF, providing the bank with the market share of 0.54%. Schwyzer Kantonalbank is the 13th largest cantonal bank in Switzerland (out of 24 banks) having market share of 3.01% amongst the banks of this category.

Schwyzer Kantonalbank is headquartered in Schwyz.

Address
Bahnhofstrasse 3, 6431, Schwyz, Switzerland
P.O. Box
263
Phone
058 800 20 20
Fax
058 800 20 21
Website
http://www.szkb.ch
E-Mail
kundenzentrum@szkb.ch
Bank Category
Cantonal banks
Start Date
1890
Total Assets (2016)
16 668.80 mln CHF  (+2.93%)
Number of Employees (2015)
490  (+1.45%)
Deposit Guarantee
100 000 CHF
BIC (SWIFT)
KBSZCH22XXX
Company Number
CHE-108.954.429

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 (2016)
16 668.80 mln CHF  (+2.93%)

In 2016 total assets of Schwyzer Kantonalbank were 16 668.80 mln CHF. Growth compared to the previous period (2015) was 2.93%. The evolution of the total assets of Schwyzer Kantonalbank is shown at Chart 1 below.

Total Assets of Schwyzer Kantonalbank. Chart 1. Total Assets of Schwyzer Kantonalbank.

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

2015 2016 % change
Cash and deposits with Central Banks 1 853.0 1 862.4 +0.51%
Claims to banks 474.9 457.3 -3.71%
Claims to customers 1 273.5 1 224.7 -3.83%
Mortgages 11 674.3 12 299.9 +5.36%
Total Assets 16 193.6 16 668.8 +2.93%
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.

2015 2016 % change
Amount owed to banks 808.0 678.6 -16.02%
Amount owed to customers 10 667.8 11 432.6 +7.17%
Total Liabilities 16 193.6 16 668.8 +2.93%
Table 2. Recent changes in total liabilities of Schwyzer Kantonalbank (mln CHF).

Profit and Loss

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.

2015 2016 % change
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.

Annual Profit of Schwyzer Kantonalbank. Chart 2. Annual Profit of Schwyzer Kantonalbank.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2016)
31st (market share 0.54%)

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 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)
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 Schwyzer Kantonalbank and its components are shown in the table below.

BIC  KBSZCH22XXX
Bank BIC Code  KBSZ
Country Code  CH (Switzerland)
Location Code  22
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-108.954.429

Domestic Presence

Branches (2015)
24