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.
|universal banking for natural persons and legal entities residing in the canton|
|mainly the canton|
|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.
Chart 1. Total Assets of Zuger Kantonalbank.
Recent changes in total assets of Zuger Kantonalbank and its main components are shown in Table 1.
|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.
|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).|
|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.
|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.
Chart 2. Annual Profit of Zuger Kantonalbank.
|Yes (up to 100 000 CHF per depositor)|
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)|
|Maximum Protected Amount||100 000 CHF|
|Paid In Currency||CHF|
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.
|Bank BIC Code||KBZG|
|Country Code||CH (Switzerland)|
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.