Valartis Bank AG

In 2014 Valartis Bank AG was been taken over by Banque Cramer & Cie SA.

Valartis Bank AG is the 128th largest bank in Switzerland in terms of total assets. In 2013 its total assets were 885,04 mln CHF, providing the bank with the market share of 0.03%. Valartis Bank AG is the 15th largest stock exchange bank in Switzerland (out of 46 banks) having market share of 0.63% amongst the banks of this category.

Valartis Bank AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Valartis Bank AG is headquartered in Zürich.

Address
Sihlstrasse 24, 8021, Zürich, Switzerland
Phone
43 336 81 11
Fax
43 336 81 00
Bank Category
Stock exchange banks
Start Date
1988
Total Assets (2013)
885.04 mln CHF  (-22.56%)
Deposit Guarantee
100 000 CHF
BIC (SWIFT)
VLRTCHZZXXX

Financial Positions

Total Assets (2013)
885.04 mln CHF  (-22.56%)

In 2013 total assets of Valartis Bank AG were 885.04 mln CHF. Decline compared to the previous period (2012) was -22.56%. The evolution of the total assets of Valartis Bank AG is shown at Chart 1 below.

Total Assets of Valartis Bank AG. Chart 1. Total Assets of Valartis Bank AG.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2013)
128th (market share 0.03%)

Deposit Guarantee

Deposit Guarantee
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 Valartis Bank 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)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF

Further Information

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

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 Valartis Bank AG and its components are shown in the table below.

BIC  VLRTCHZZXXX
Bank BIC Code  VLRT
Country Code  CH (Switzerland)
Location Code  ZZ
Branch Code  XXX

European Presence: 2 banks in 2 countries

This bank operates in the following European countries and selected dependent territories of the European countries:

Liechtenstein

Switzerland

  •  (this bank) Valartis Bank AG (Zürich)