On July 8, 2015 an extraordinary general meeting of Medibank decided to liquidate the company voluntarily. The Swiss Financial Market Supervisory Authority (FINMA) gave its consent.
MediBank AG was the 258th largest bank in Switzerland in terms of total assets. In 2014 its total assets were 69,06 mln CHF, providing the bank with the market share of 0.00%. MediBank AG was the 43rd largest stock exchange bank in Switzerland (out of 47 stock exchange banks) having market share of 0.03% amongst the banks of this category.
MediBank AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
MediBank AG was headquartered in Zug.
|Total Assets (2014)|
|69.06 mln CHF (-14.88%)|
In 2014 total assets of MediBank AG were 69.06 mln CHF. Decline compared to the previous period (2013) was -14.88%. The evolution of the total assets of MediBank AG is shown at Chart 1 below.
Chart 1. Total Assets of MediBank 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 MediBank 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|
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 MediBank AG and its components are shown in the table below.
|Bank BIC Code||MEDK|
|Country Code||CH (Switzerland)|
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.