Leodan Privatbank AG was established in 2009 as PHZ Privat- und Handelsbank Zürich AG. PHZ Privat- und Handelsbank Zürich AG was focused on fund business and classic private banking. In 2015 the bank was renamed to Leodan Privatbank AG and completely renewed its business model. Leodan became a "hybrid" private bank: in addition to the classical consulting business, the bank also offered digital services, such as the creation of investment proposals. On January 11, 2016 Leodan announced its voluntarily abandoning the banking activities.
Leodan Privatbank AG was the 249th largest bank in Switzerland in terms of total assets. In 2015 its total assets were 49,55 mln CHF, providing the bank with the market share of 0.00%. Leodan Privatbank AG was the 42nd largest stock exchange bank in Switzerland (out of 44 stock exchange banks) having market share of 0.02% amongst the banks of this category.
Leodan Privatbank AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
Leodan Privatbank AG was headquartered in Zürich.
|Total Assets (2015)|
|49.55 mln CHF (-4.56%)|
In 2015 total assets of Leodan Privatbank AG were 49.55 mln CHF. Decline compared to the previous period (2014) was -4.56%. The evolution of the total assets of Leodan Privatbank AG is shown at Chart 1 below.
Chart 1. Total Assets of Leodan Privatbank 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 Leodan Privatbank 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 Leodan Privatbank AG and its components are shown in the table below.
|Bank BIC Code||PHZZ|
|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.