Founded in 1868, St.Galler 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, St.Galler Kantonalbank AG is especially strong in savings and mortgage products. Like most of the cantonal banks, St.Galler Kantonalbank AG has full state guarantee of its liabilities.
St.Galler Kantonalbank AG is the 12th largest bank in Switzerland in terms of total assets. In 2018 its total assets were 32 839,32 mln CHF, providing the bank with the market share of 1.02%. St.Galler Kantonalbank AG is the 4th largest cantonal bank in Switzerland (out of 24 cantonal banks) having market share of 5.47% amongst the banks of this category. In 2018 the bank's annual profit was 158,59 mln CHF. St.Galler Kantonalbank AG had 1 059 employees in 2015.
St.Galler Kantonalbank AG is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa1 (high grade).
St.Galler Kantonalbank AG 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. St.Galler Kantonalbank AG is a member of esisuisse – Deposit Insurance and makes its contributions into it.
St.Galler Kantonalbank AG is headquartered in St. Gallen.
On June 23, 2013 St. Galler Kantonalbank announced that it would strengthen its core business and would focus on the domestic market in Eastern Switzerland and the markets rest of Switzerland and Germany. It hence was decided to divest from Hyposwiss Private Bank Geneva SA and Hyposwiss Private Bank AG. In 2014, Hyposwiss Private Bank Geneva SA was sold to Mirelis InvesTrust SA while Hyposwiss Private Bank AG ceased its operations.