Migros Bank was founded in 1958 by Gottlieb Duttweiler. The bank operates as a subsidiary of Migros Cooperatives Federal. As a cooperaive bank Migros Bank states good customer relationships rather than profit maximization as a goal. This allows Migros Bank to offer both private and commercial customers the most important banking services of good quality at attractive conditions.
Migros Bank AG is the 10th largest bank in Switzerland in terms of total assets. In 2018 its total assets were 44 679,40 mln CHF, providing the bank with the market share of 1.39%.
Migros Bank 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. Migros Bank AG is a member of esisuisse – Deposit Insurance and makes its contributions into it.
Migros Bank AG is headquartered in Zürich.
Migros Bank AG is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE105841533).