Founded in 1870, Zürcher 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, 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.
Becoming a client of Zürcher Kantonalbank can be done in a few steps:
Due to regulatory requirements Zürcher Kantonalbank performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Zürcher Kantonalbank will ask him/her to provide the following documents: passport; proof of address. For corporate clients Zürcher Kantonalbank will ask to provide corporate documentation as well as information about controlling persons. Zürcher Kantonalbank may request additional documentation or information depending on the case. Zürcher Kantonalbank performs client's identity verification via branch visit.
Zürcher Kantonalbank is the 6th largest bank in Switzerland in terms of total assets. In 2019 its total assets were 165,87 bln CHF, providing the bank with the market share of 5.01%. Zürcher Kantonalbank is the 1st largest cantonal bank in Switzerland (out of 24 cantonal banks) having market share of 26.47% amongst the banks of this category. In 2019 the bank's annual profit was 844,93 mln CHF. Zürcher Kantonalbank had 5 179 employees in 2015.
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 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. Zürcher Kantonalbank is a member of esisuisse – Deposit Insurance (ESI) and makes its contributions into it.
Zürcher Kantonalbank is headquartered in Zürich.
Zürcher Kantonalbank has profiles at the following social networks:
Zürcher Kantonalbank is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE-108.954.607).