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.
AKB Privatbank Zürich AG was the 188th largest bank in Switzerland in terms of total assets. In 2013 its total assets were 404,70 mln CHF, providing the bank with the market share of 0.01%. AKB Privatbank Zürich AG was the 25th largest stock exchange bank in Switzerland (out of 46 stock exchange banks) having market share of 0.29% amongst the banks of this category.
AKB Privatbank Zürich 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. AKB Privatbank Zürich AG is a member of esisuisse – Deposit Insurance and makes its contributions into it.
AKB Privatbank Zürich AG was headquartered in Zürich.
AKB Privatbank Zürich AG was authorized and supervised by the Swiss Financial Market Supervisory Authority.