St.Galler Kantonalbank AG

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 11th largest bank in Switzerland in terms of total assets. In 2015 its total assets were 31 151,20 mln CHF, providing the bank with the market share of 1.03%. St.Galler Kantonalbank AG is the 4th largest cantonal bank in Switzerland (out of 24 banks) having market share of 5.80% amongst the banks of this category.

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 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.

Address
St.Leonhardstrasse 25, 9001, St. Gallen, Switzerland
Phone
071 231 31 31
Fax
071 231 32 32
Website
http://www.sgkb.ch
E-Mail
info@sgkb.ch
Bank Category
Cantonal banks
Start Date
1868
Total Assets (2015)
31 151.20 mln CHF  (+3.97%)
Number of Employees (2015)
1 059  (-1.12%)
Credit Ratings (as of Apr 2016)
-/Aa1/-
Deposit Guarantee
100 000 CHF
BIC (SWIFT)
KBSGCH22XXX
Company Number
CHE-105.845.146

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 (2015)
31 151.20 mln CHF  (+3.97%)

In 2015 total assets of St.Galler Kantonalbank AG were 31 151.20 mln CHF. Growth compared to the previous period (2014) was 3.97%. The evolution of the total assets of St.Galler Kantonalbank AG is shown at Chart 1 below.

Total Assets of St.Galler Kantonalbank AG. Chart 1. Total Assets of St.Galler Kantonalbank AG.

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

2014 2015 % change
Cash and deposits with Central Banks 2 637.4 3 509.5 +33.07%
Claims to banks 1 102.4 657.6 -40.35%
Claims to customers 2 750.4 2 425.0 -11.83%
Mortgages 21 135.6 21 818.4 +3.23%
Total Assets 29 962.1 31 151.2 +3.97%
Table 1. Recent changes in total assets of St.Galler Kantonalbank AG (mln CHF).

Recent changes in total liabilities of St.Galler Kantonalbank AG and its main components are shown in Table 2.

2014 2015 % change
Amount owed to banks 2 038.1 1 287.2 -36.84%
Amount owed to customers 19 378.2 19 899.2 +2.69%
Total Liabilities 29 962.1 31 151.2 +3.97%
Table 2. Recent changes in total liabilities of St.Galler Kantonalbank AG (mln CHF).

Profit and Loss

Annual Profit (2015)
133.40 mln CHF  (-8.81%)

Recent changes in gross profit of St.Galler Kantonalbank AG and its main components are shown in Table 3.

2014 2015 % change
Net Interest Income 296.0 293.2 -0.92%
Net Commission Income 118.5 109.8 -7.34%
Net Income from Trading Operations 32.8 37.3 +13.70%
Table 3. Recent changes in gross profit of St.Galler Kantonalbank AG (mln CHF).

In 2015 annual profit of St.Galler Kantonalbank AG was 133.40 mln CHF. Decline compared to the previous period (2014) was -8.81%. The evolution of the annual profit of St.Galler Kantonalbank AG is shown at Chart 2 below.

Annual Profit of St.Galler Kantonalbank AG. Chart 2. Annual Profit of St.Galler Kantonalbank AG.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2015)
11th (market share 1.03%)

Credit Ratings (as of Apr 2016)

Fitch Moody's S&P
- (not rated) Aa1 (high grade) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, St.Galler Kantonalbank AG is rated by Moody's.

Credit ratings assigned to St.Galler Kantonalbank AG as of April 2016 are shown in details in the following sections.

Moody's

Long-term rating for St.Galler Kantonalbank AG it is set to Aa1 (high grade). Long-term bank deposit rating is Aa1 (high grade). Bank financial strength rating is a3. Short-term rating is not assigned.

Long-Term Rating  Aa1
Long-Term Bank Deposit Rating  Aa1
Bank Financial Strength Rating  a3
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of St.Galler Kantonalbank AG is set to stable (not likely to change).

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 St.Galler 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)
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 St.Galler Kantonalbank AG and its components are shown in the table below.

BIC  KBSGCH22XXX
Bank BIC Code  KBSG
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-105.845.146

Domestic Presence

Branches (2015)
38 

European Presence: 3 banks in 3 countries

This bank operates in the following European countries and selected dependent territories of the European countries:

Germany

Portugal

Switzerland

  •  (this bank) St.Galler Kantonalbank AG (St. Gallen)