Alternative Bank Schweiz (ABS) is focused on principles of ethical banking. Alternative Bank Schweiz provides savings, investments, company financing, real estate and monetary transactions. Loans are issued principally in the area of social or ecological housing, organic agriculture, renewable energy. Alternative Bank Schweiz also offers investment advice and investment funds. Alternative Bank Schweiz offers its products and services to natural and legal persons, partnerships and corporations whose residence or place of business is in Switzerland.
Becoming a client of Alternative Bank Schweiz AG can be done in a few steps:
Due to regulatory requirements Alternative Bank Schweiz AG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Alternative Bank Schweiz AG will ask him/her to provide the following documents: passport; proof of address. For corporate clients Alternative Bank Schweiz AG will ask to provide corporate documentation as well as information about controlling persons. Alternative Bank Schweiz AG may request additional documentation or information depending on the case. Alternative Bank Schweiz AG performs client's identity verification via branch visit.
Alternative Bank Schweiz AG is the 91st largest bank in Switzerland in terms of total assets. In 2019 its total assets were 1 920,32 mln CHF, providing the bank with the market share of 0.06%.
Alternative Bank Schweiz 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. Alternative Bank Schweiz AG is a member of esisuisse – Deposit Insurance (ESI) and makes its contributions into it.
Alternative Bank Schweiz AG is headquartered in Olten.
Alternative Bank Schweiz AG is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number 24930013580).