Sparkasse Engelberg AG

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.

Address
Dorfstrasse 34, 6391, Engelberg, Switzerland
P.O. Box
357
Phone
041 639 50 10
Fax
041 639 50 15
Bank Category
Regional banks and savings banks
Start Date
1879
Close Date
2014
Total Assets (2013)
234.50 mln CHF  (+10.91%)
Deposit Guarantee
100 000 CHF
BIC (SWIFT)
RBABCH22666

Financial Positions

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.

Total Assets of Sparkasse Engelberg AG. Chart 1. Total Assets of Sparkasse Engelberg AG.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2013)
224th (market share 0.01%)

Deposit Guarantee

Deposit Guarantee
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)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF

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 Sparkasse Engelberg AG and its components are shown in the table below.

BIC  RBABCH22666
Bank BIC Code  RBAB
Country Code  CH (Switzerland)
Location Code  22
Branch Code  666