Founded in 1879, Nidwaldner Kantonalbank is a universal bank, providing retail and business banking products mainly to the canton residents (natural persons and legal entities). Traditionally for cantonal banks, Nidwaldner Kantonalbank is especially strong in savings and mortgage products. Like most of the cantonal banks, Nidwaldner Kantonalbank has full state guarantee of its liabilities.
Becoming a client of Nidwaldner Kantonalbank can be done in a few steps:
Due to regulatory requirements Nidwaldner Kantonalbank performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Nidwaldner Kantonalbank will ask him/her to provide the following documents: passport; proof of address. For corporate clients Nidwaldner Kantonalbank will ask to provide corporate documentation as well as information about controlling persons. Nidwaldner Kantonalbank may request additional documentation or information depending on the case. Nidwaldner Kantonalbank performs client's identity verification via branch visit.
Nidwaldner Kantonalbank is the 59th largest bank in Switzerland in terms of total assets. In 2019 its total assets were 5 414,41 mln CHF, providing the bank with the market share of 0.16%. Nidwaldner Kantonalbank is the 20th largest cantonal bank in Switzerland (out of 24 cantonal banks) having market share of 0.86% amongst the banks of this category. In 2019 the bank's annual profit was 16,08 mln CHF. Nidwaldner Kantonalbank had 139 employees in 2015.
Nidwaldner Kantonalbank 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. Nidwaldner Kantonalbank is a member of esisuisse – Deposit Insurance (ESI) and makes its contributions into it.
Nidwaldner Kantonalbank is headquartered in Stans.
Nidwaldner Kantonalbank has profiles at the following social networks:
Nidwaldner Kantonalbank is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE108954694).