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.
In 2017 total assets of Alternative Bank Schweiz AG were 1 744,54 mln CHF.
Alternative Bank Schweiz AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
Alternative Bank Schweiz AG is headquartered in Olten.
|Total Assets (2017)|
|1 744.54 mln CHF (+5.45%)|
In 2017 total assets of Alternative Bank Schweiz AG were 1 744.54 mln CHF. Growth compared to the previous period (2016) was 5.45%. The evolution of the total assets of Alternative Bank Schweiz AG is shown at Chart 1 below.
Chart 1. Total Assets of Alternative Bank Schweiz 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 Alternative Bank Schweiz 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 Alternative Bank Schweiz AG and its components are shown in the table below.
|Bank BIC Code||ALSW|
|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.