In 2014 Sparkasse Engelberg was taken over by Sparkasse Schwyz AG.
Sparkasse Engelberg AG was the 224th largest bank in Switzerland in terms of total assets. In 2013 its total assets were 234,50 mln CHF, providing the bank with the market share of 0.01%. Sparkasse Engelberg AG was the 58th largest regional bank and savings bank in Switzerland (out of 64 banks) having market share of 0.22% amongst the banks of this category.
Sparkasse Engelberg AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
Sparkasse Engelberg AG was headquartered in Engelberg.
|Total Assets (2013)|
|234.50 mln CHF (+10.91%)|
In 2013 total assets of Sparkasse Engelberg AG were 234.50 mln CHF. Growth compared to the previous period (2012) was 10.91%. The evolution of the total assets of Sparkasse Engelberg AG is shown at Chart 1 below.
Chart 1. Total Assets of Sparkasse Engelberg AG.
|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 Sparkasse Engelberg AG 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|
Any bank can be identified for different purposes and hence can have several different identifiers.
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 Sparkasse Engelberg AG and its components are shown in the table below.
|Bank BIC Code||RBAB|
|Country Code||CH (Switzerland)|