Baloise Bank SoBa AG is a member of Baloise Group, offering insurance, banking and asset management services. In Switzerland, Baloise Insurance works together with Baloise Bank SoBa as a specialised financial services provider. Baloise Bank SoBa AG provides retail banking products and services to natural persons.
Becoming a client of Baloise Bank SoBa AG can be done in a few steps:
Due to regulatory requirements Baloise Bank SoBa AG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Baloise Bank SoBa AG will ask him/her to provide the following documents: passport; proof of address. For corporate clients Baloise Bank SoBa AG will ask to provide corporate documentation as well as information about controlling persons. Baloise Bank SoBa AG may request additional documentation or information depending on the case. Baloise Bank SoBa AG performs client's identity verification via branch visit.
Baloise Bank SoBa AG is the 48th largest bank in Switzerland in terms of total assets. In 2019 its total assets were 7 996,25 mln CHF, providing the bank with the market share of 0.24%. Baloise Bank SoBa AG is the 3rd largest regional bank and savings bank in Switzerland (out of 60 regional banks and savings banks) having market share of 6.33% amongst the banks of this category.
Baloise Bank SoBa AG 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. Baloise Bank SoBa AG is a member of esisuisse – Deposit Insurance (ESI) and makes its contributions into it.
Baloise Bank SoBa AG is headquartered in Solothurn.
Baloise Bank SoBa AG is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE105845117).