Bank CIC (Schweiz) AG was established in 1909 and operates as a universal bank with local roots. Bank CIC (Schweiz) AG is a member of Crédit Mutuel-CIC international cooperative banking group. Bank CIC (Schweiz) AG provides a broad range of retail, private, corporate and investment banking products and services.
Bank CIC (Schweiz) AG is the 48th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 7 647,40 mln CHF, providing the bank with the market share of 0.25%. Bank CIC (Schweiz) AG is the 10th largest foreign-controlled bank in Switzerland (out of 81 banks) having market share of 3.09% amongst the banks of this category.
Bank CIC (Schweiz) AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
Bank CIC (Schweiz) AG is headquartered in Basel.
time deposit accounts (0.05 - 0.50 %)
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
Time deposit accounts made with Bank CIC (Schweiz) AG are covered by deposit guarantee scheme of Switzerland up to 100 000 CHF per depositor. Bank CIC (Schweiz) AG offers the following time deposit accounts.
Updated on 13 December 2017
Switzerland: This product is offered to Swiss residents only. When clicking on the product link you will be redirected to the product page in German, French or Italian.
|Total Assets (2016)|
|7 647.40 mln CHF (+15.82%)|
|Assets Under Management (2016)|
In 2016 total assets of Bank CIC (Schweiz) AG were 7 647.40 mln CHF. Growth compared to the previous period (2015) was 15.82%. The evolution of the total assets of Bank CIC (Schweiz) AG is shown at Chart 1 below.
Chart 1. Total Assets of Bank CIC (Schweiz) AG.
In 2016 assets under management of Bank CIC (Schweiz) AG were 0.00 CHF. The value didn't change compared to the previous period (2015). The evolution of the assets under management of Bank CIC (Schweiz) AG is shown at Chart 2 below.
Chart 2. Assets Under Management of Bank CIC (Schweiz) AG.
|Gross Profit (2016)|
|2.50 mln CHF (-91.88%)|
|Annual Profit (2016)|
|17.90 mln CHF (+94.57%)|
In 2016 gross profit of Bank CIC (Schweiz) AG was 2.50 mln CHF. Decline compared to the previous period (2015) was -91.88%. The evolution of the gross profit of Bank CIC (Schweiz) AG is shown at Chart 3 below.
Chart 3. Gross Profit of Bank CIC (Schweiz) AG.
Recent changes in gross profit of Bank CIC (Schweiz) AG and its main components are shown in Table 1.
|Net Interest Income||65.0||79.0||+21.54%|
|Net Commission Income||23.5||24.0||+2.13%|
|Net Income from Trading Operations||12.9||10.1||-21.71%|
|Net Income from Banking Operations||111.0||116.4||+4.86%|
|Table 1. Recent changes in gross profit of Bank CIC (Schweiz) AG (mln CHF).|
In 2016 annual profit of Bank CIC (Schweiz) AG was 17.90 mln CHF. Growth compared to the previous period (2015) was 94.57%. The evolution of the annual profit of Bank CIC (Schweiz) AG is shown at Chart 4 below.
Chart 4. Annual Profit of Bank CIC (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 Bank CIC (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|
Any bank can be identified for different purposes and hence can have several different identifiers.
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 Bank CIC (Schweiz) AG and its components are shown in the table below.
|Bank BIC Code||CIAL|
|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.