Zürcher Kantonalbank

Founded in 1870, Zürcher 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, Zürcher Kantonalbank is especially strong in savings and mortgage products. Like most of the cantonal banks, Zürcher Kantonalbank has full state guarantee of its liabilities.

Bank Category
Cantonal banks

Services
Retail Banking
Corporate Banking

Zürcher Kantonalbank is the 6th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 156,36 bln CHF, providing the bank with the market share of 5.05%. Zürcher Kantonalbank is the 1st largest cantonal bank in Switzerland (out of 24 banks) having market share of 28.26% amongst the banks of this category.

Rank in Switzerland
6th largest bank

Total Assets (2016)
156.36 bln CHF  (+2.30%)
Number of Employees (2015)
5 179  (+6.92%)

Zürcher Kantonalbank is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is AAA (highest credit quality). Long-term credit rating assigned to the bank by Moody's is Aaa (prime).

Zürcher Kantonalbank is headquartered in Zürich.

Address
8010, Zürich, Switzerland
Phone
044 293 93 93
Website
http://www.zkb.ch
E-Mail
serviceline@zkb.ch
BIC (SWIFT)
ZKBKCHZZ80A
Company Number
CHE-108.954.607
Founded
1870

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)
156.36 bln CHF  (+2.30%)

In 2016 total assets of Zürcher Kantonalbank were 156.36 bln CHF. Growth compared to the previous period (2015) was 2.30%. The evolution of the total assets of Zürcher Kantonalbank is shown at Chart 1 below.

Total Assets of Zürcher Kantonalbank.

Chart 1. Total Assets of Zürcher Kantonalbank.

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

2015 2016 % change
Cash and deposits with Central Banks 32.5 35.3 +8.74%
Claims to banks 15.0 14.9 -0.52%
Claims to customers 7.7 7.5 -2.14%
Mortgages 73.6 77.3 +4.96%
Total Assets 152.9 156.4 +2.30%
Table 1. Recent changes in total assets of Zürcher Kantonalbank (bln CHF).

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

2015 2016 % change
Amount owed to banks 34.8 34.1 -1.91%
Amount owed to customers 80.8 80.9 +0.09%
Total Liabilities 152.9 156.4 +2.30%
Table 2. Recent changes in total liabilities of Zürcher Kantonalbank (bln CHF).

Profit and Loss

Annual Profit (2016)
690.61 mln CHF  (-4.38%)

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

2015 2016 % change
Net Interest Income 1 161.9 1 187.1 +2.16%
Net Commission Income 663.5 727.6 +9.66%
Net Income from Trading Operations 327.6 379.5 +15.84%
Table 3. Recent changes in gross profit of Zürcher Kantonalbank (mln CHF).

In 2016 annual profit of Zürcher Kantonalbank was 690.61 mln CHF. Decline compared to the previous period (2015) was -4.38%. The evolution of the annual profit of Zürcher Kantonalbank is shown at Chart 2 below.

Annual Profit of Zürcher Kantonalbank.

Chart 2. Annual Profit of Zürcher Kantonalbank.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2016)
6th (market share 5.05%)

In 2016 Zürcher Kantonalbank was the 6th largest bank in Switzerland in terms of total assets, having 5.05% of market share.

Market share of Zürcher Kantonalbank

Chart 3. Market share of Zürcher Kantonalbank

Several banks with market shares closest to Zürcher Kantonalbank are shown below.

RankNameTotal AssetsMarket Share
5 Credit Suisse (Schweiz) AG (new)213035.14 mln CHF6.88%
6 Zürcher Kantonalbank156360.44 mln CHF5.05%
7 PostFinance AG120378.65 mln CHF
 

Credit Ratings (as of Apr 2016)

Fitch Moody's
AAA (highest credit quality) Aaa (prime)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Zürcher Kantonalbank is rated by Fitch and Moody's.

Credit ratings assigned to Zürcher Kantonalbank as of April 2016 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Zürcher Kantonalbank it is set to AAA (highest credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Zürcher Kantonalbank is set to F1+ (highest short-term credit quality).

Long-Term Issuer Default Rating  AAA
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1+
Viability Rating  a+
Support Rating  1
Support Rating Floor  WD

Viability rating for Zürcher Kantonalbank is set to a+ (high fundamental credit quality); support rating is 1 (extremely high probability of external support); support rating floor is WD (withdrawn).

Moody's

Long-term rating for Zürcher Kantonalbank it is set to Aaa (prime). Long-term bank deposit rating is Aaa (prime). Bank financial strength rating is a2. Short-term rating is not assigned.

Long-Term Rating  Aaa
Long-Term Bank Deposit Rating  Aaa
Bank Financial Strength Rating  a2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Zürcher Kantonalbank 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 Zürcher 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 Zürcher Kantonalbank and its components are shown in the table below.

BIC  ZKBKCHZZ80A
Bank BIC Code  ZKBK
Country Code  CH (Switzerland)
Location Code  ZZ
Branch Code  80A

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-108.954.607

Domestic Presence

Branches (2015)
91  (-6.19%)

European Presence: 2 banks in 2 countries

This bank operates in the following European countries and selected dependent territories of the European countries:

Austria

Switzerland

  •  (this bank) Zürcher Kantonalbank (Zürich)