Zuger Kantonalbank

Founded in 1892, Zuger 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, Zuger Kantonalbank is especially strong in savings and mortgage products. Like most of the cantonal banks, Zuger Kantonalbank has full state guarantee of its liabilities. Zuger Kantonalbank is the 35th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 14 480,21 mln CHF, providing the bank with the market share of 0.47%. Zuger Kantonalbank is the 15th largest cantonal bank in Switzerland (out of 24 banks) having market share of 2.62% amongst the banks of this category.

Zuger Kantonalbank is headquartered in Zug.

Address
Baarerstrasse 37, 6301, Zug, Switzerland
Phone
041 709 11 11
Fax
041 709 15 55
Website
http://www.zugerkb.ch
E-Mail
service@zugerkb.ch
Bank Category
Cantonal banks
Start Date
1892
Total Assets (2016)
14 480.21 mln CHF  (+1.17%)
Number of Employees (2015)
402  (+1.77%)
Deposit Guarantee
100 000 CHF
BIC (SWIFT)
KBZGCH22XXX
Company Number
CHE-105.744.410

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)
14 480.21 mln CHF  (+1.17%)

In 2016 total assets of Zuger Kantonalbank were 14 480.21 mln CHF. Growth compared to the previous period (2015) was 1.17%. The evolution of the total assets of Zuger Kantonalbank is shown at Chart 1 below.

Total Assets of Zuger Kantonalbank. Chart 1. Total Assets of Zuger Kantonalbank.

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

2015 2016 % change
Cash and deposits with Central Banks 1 760.2 1 921.5 +9.17%
Claims to customers 609.3 554.0 -9.07%
Mortgages 11 315.3 11 350.2 +0.31%
Claims to banks 18.4 39.3 +114.39%
Total Assets 14 313.3 14 480.2 +1.17%
Table 1. Recent changes in total assets of Zuger Kantonalbank (mln CHF).

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

2015 2016 % change
Amount owed to banks 23.4 165.0 +604.68%
Amount owed to customers 9 326.2 9 010.4 -3.39%
Total Liabilities 14 313.3 14 480.2 +1.17%
Table 2. Recent changes in total liabilities of Zuger Kantonalbank (mln CHF).

Profit and Loss

Annual Profit (2016)
61.54 mln CHF  (+0.11%)

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

2015 2016 % change
Net Interest Income 150.8 154.5 +2.47%
Net Commission Income 35.5 35.4 -0.35%
Net Income from Trading Operations 15.6 18.0 +15.37%
Table 3. Recent changes in gross profit of Zuger Kantonalbank (mln CHF).

In 2016 annual profit of Zuger Kantonalbank was 61.54 mln CHF. Growth compared to the previous period (2015) was 0.11%. The evolution of the annual profit of Zuger Kantonalbank is shown at Chart 2 below.

Annual Profit of Zuger Kantonalbank. Chart 2. Annual Profit of Zuger Kantonalbank.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2016)
35th (market share 0.47%)

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 Zuger 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 Zuger Kantonalbank and its components are shown in the table below.

BIC  KBZGCH22XXX
Bank BIC Code  KBZG
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-105.744.410

Domestic Presence

Branches (2015)
14