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.

Bank Category

Cantonal banks

Services

Retail Banking
Corporate Banking

Financials

Total Assets (2017)
32 487.77 mln CHF  (+1.13%)
Annual Profit (2017)
155.97 mln CHF  (+6.80%)
Number of Employees (2015)
1 059  (-1.12%)

St.Galler Kantonalbank AG is the 12th largest bank in Switzerland in terms of total assets. In 2017 its total assets were 32 487,77 mln CHF, providing the bank with the market share of 1.00%. St.Galler Kantonalbank AG is the 4th largest cantonal bank in Switzerland (out of 24 cantonal banks) having market share of 5.65% amongst the banks of this category. In 2017 the bank's annual profit was 155,97 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).

Contacts

St.Leonhardstrasse 25, 9001, St. Gallen, Switzerland
071 231 31 31
071 231 32 32

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.

Bank Identifiers

BIC (SWIFT)
KBSGCH22XXX
Company Number
CHE-105.845.146
Founded
1868

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

St.Galler Kantonalbank AG is focused on universal banking for natural persons and legal entities residing in the canton. St.Galler Kantonalbank AG provides products and services in the areas of retail banking, corporate banking. The range of products offered by St.Galler Kantonalbank AG includes savings products, mortgage loans.

Financial Positions

Total Assets (2017)
32 487.77 mln CHF  (+1.13%)

In 2017 total assets of St.Galler Kantonalbank AG were 32 487.77 mln CHF. Growth compared to the previous period (2016) was 1.13%. 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.

2016 2017 % change
Cash and deposits with Central Banks 3 823.9 3 604.1 -5.75%
Claims to banks 849.9 1 051.9 +23.76%
Claims to customers 2 383.3 2 402.2 +0.79%
Mortgages 22 537.8 23 093.8 +2.47%
Total Assets 32 123.9 32 487.8 +1.13%
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.

2016 2017 % change
Amount owed to banks 1 588.0 1 453.1 -8.49%
Amount owed to customers 20 580.3 21 312.3 +3.56%
Total Liabilities 32 123.9 32 487.8 +1.13%
Table 2. Recent changes in total liabilities of St.Galler Kantonalbank AG (mln CHF).

Profit and Loss

Annual Profit (2017)
155.97 mln CHF  (+6.80%)

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

2016 2017 % change
Net Interest Income 310.6 302.5 -2.60%
Net Commission Income 101.8 113.3 +11.26%
Net Income from Trading Operations 30.6 37.4 +22.00%
Table 3. Recent changes in gross profit of St.Galler Kantonalbank AG (mln CHF).

In 2017 annual profit of St.Galler Kantonalbank AG was 155.97 mln CHF. Growth compared to the previous period (2016) was 6.80%. 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.

Number of Employees

Number of Employees (2015)
1 059  (-1.12%)

In 2015 there were 1 059 employees of St.Galler Kantonalbank AG. Decline compared to the previous period (2014) was -1.12%.

Market Share and Rank (among banks in Switzerland)

Total Assets (2017)
12th (market share 1.00%)

In 2017 St.Galler Kantonalbank AG was ranked the 12th largest bank in Switzerland in terms of total assets, having 1.00% of the domestic market share.

Market share of St.Galler Kantonalbank AG (among banks in Switzerland)

Chart 3. Market share of St.Galler Kantonalbank AG (among banks in Switzerland)

Several banks having the market shares and ranks closest to St.Galler Kantonalbank AG are shown below.

RankNameTotal AssetsMarket Share
11 Luzerner Kantonalbank AG35880.61 mln CHF1.11%
12 St.Galler Kantonalbank AG32487.77 mln CHF1.00%
13 UNION BANCAIRE PRIVEE, UBP SA31893.49 mln CHF0.98%
 

Market Share and Rank (among Cantonal banks in Switzerland)

Total Assets (2017)
4th (market share 5.65%)

In 2017 St.Galler Kantonalbank AG was ranked the 4th largest cantonal bank in Switzerland in terms of total assets, having 5.65% of the category's market share.

Market share of St.Galler Kantonalbank AG (among Cantonal banks in Switzerland)

Chart 4. Market share of St.Galler Kantonalbank AG (among Cantonal banks in Switzerland)

Several cantonal banks having the market shares and ranks closest to St.Galler Kantonalbank AG are shown below.

RankNameTotal AssetsMarket Share
3 Luzerner Kantonalbank AG35880.61 mln CHF6.24%
4 St.Galler Kantonalbank AG32487.77 mln CHF5.65%
5 Berner Kantonalbank AG29298.09 mln CHF5.09%
 

Credit Ratings (as of May 2018)

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

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

Credit ratings assigned to St.Galler Kantonalbank AG as of May 2018 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). Baseline credit assessment is a3. Short-term rating is not assigned.

Long-Term Rating  Aa1
Long-Term Bank Deposit Rating  Aa1
Baseline Credit Assessment  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

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 

In 2015 St.Galler Kantonalbank AG had 38 branches in Switzerland. The value didn't change compared to the previous period (2014).

European Presence: 2 banks in 2 countries

St.Galler Kantonalbank AG operates under the brand name St Galler Kantonalbank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Germany

Switzerland

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

Defunct Banks: 1 bank in 1 country

The following banks operating under St Galler Kantonalbank brand name has been recently closed down:

Portugal