On 23 November 2013 AKB Privatbank, a subsidiary of Aargauische Kantonalbank, mainly involved in asset management in the EU area, was taken over by Privatbank IHAG Zürich AG. Aargauische Kantonalbank decided to focus primarily on their traditional economic territory.
Performance
In 2013, AKB Privatbank Zürich AG achieved the position of 189th largest bank in Switzerland with a market share of 0.01%; its total assets dropped by 15.65%.
Deposit Protection
Deposits up to 100,000 CHF are covered by Swiss deposit guarantee scheme in AKB Privatbank Zürich AG.
AKB Privatbank Zürich AG ranked as the 189th largest bank in Switzerland by total assets. In 2013 its total assets were 404.70 mln CHF, representing a 0.01% market share. It was also the 26th largest stock exchange bank in Switzerland, commanding a 0.29% share among stock exchange banks.
Deposit Guarantee
Protected Amount
up to 100,000 CHF
Guarantee Fund
esisuisse – Deposit Insurance (ESI)
Covered Accounts
credit balances
Eligible Depositors
private individuals (Swiss and foreign) legal entities (Swiss and foreign)
AKB Privatbank Zürich AG protects deposits up to up to 100,000 CHF per depositor through Switzerland's deposit guarantee scheme. The scheme applies to credit balances made by private individuals (Swiss and foreign), legal entities (Swiss and foreign). The bank participates in the esisuisse – Deposit Insurance (ESI), making regular contributions into it.
AKB Privatbank Zürich AG was authorized and supervised by the Swiss Financial Market Supervisory Authority.
Bank History
Founded
1988
Closed
2014
Balance Sheet
Total Assets (2013)
404.70 mln CHF (-15.65%)
In 2013 total assets of AKB Privatbank Zürich AG were 404.70 mln CHF. Decline compared to the previous period (2012) was -15.65%. The evolution of the total assets of AKB Privatbank Zürich AG is shown at Chart 1 below.
Chart 1. Total Assets of AKB Privatbank Zürich AG.
Market Share and Rank (among banks in Switzerland)
Total Assets (2013)
189th (market share 0.01%)
In 2013 AKB Privatbank Zürich AG was ranked the 189th largest bank in Switzerlandin terms of total assets, having 0.01% of the domestic market share.
Chart 2. Market share of AKB Privatbank Zürich AG (among banks in Switzerland)
Historical changes in AKB Privatbank Zürich AG's domestic rank and market share over 2009-2013 are shown below:
Year
Rank
Market %
2013
189
0.01 %
2012
166
0.01 %
2011
178
0.01 %
2010
173
0.01 %
2009
161
0.01 %
TheBanks.eu identified several banks banks having the market shares and ranks closest to AKB Privatbank Zürich AG listed below.
Market Share and Rank (among Stock exchange banks in Switzerland)
Total Assets (2013)
26th (market share 0.29%)
In 2013 AKB Privatbank Zürich AG was ranked the 26th largest stock exchange bank in Switzerlandin terms of total assets, having 0.29% of the category's market share.
Chart 3. Market share of AKB Privatbank Zürich AG (among Stock exchange banks in Switzerland)
TheBanks.eu identified several banks stock exchange banks having the market shares and ranks closest to AKB Privatbank Zürich AG listed below.
Discover key identifiers of AKB Privatbank Zürich AG including its BIC.
BIC (Business Identifier Code)
BIC: AKBPCHZZXXX
The BIC (also known as SWIFT code) for AKB Privatbank Zürich AG is AKBPCHZZXXX. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
Key
Value
BIC
AKBPCHZZXXX
Bank BIC Code
AKBP
Country Code
CH (Switzerland)
Location Code
ZZ
Branch Code
XXX
Banks Similar to AKB Privatbank Zürich AG
TheBanks.eu identified several banks similar to AKB Privatbank Zürich AG based on various criteria, including:
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