Founded in 1892, Zuger 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, 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.
Becoming a client of Zuger Kantonalbank can be done in a few steps:
Due to regulatory requirements Zuger Kantonalbank performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Zuger Kantonalbank will ask him/her to provide the following documents: passport; proof of address. For corporate clients Zuger Kantonalbank will ask to provide corporate documentation as well as information about controlling persons. Zuger Kantonalbank may request additional documentation or information depending on the case. Zuger Kantonalbank performs client's identity verification via branch visit.
Zuger Kantonalbank is the 33rd largest bank in Switzerland in terms of total assets. In 2019 its total assets were 15 695,28 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 cantonal banks) having market share of 2.50% amongst the banks of this category. In 2019 the bank's annual profit was 74,68 mln CHF. Zuger Kantonalbank had 402 employees in 2015.
Zuger 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. Zuger Kantonalbank is a member of esisuisse – Deposit Insurance (ESI) and makes its contributions into it.
Zuger Kantonalbank is headquartered in Zug.
Zuger Kantonalbank has profiles at the following social networks:
Zuger Kantonalbank is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE‑105.744.410).