Bank CIC (Schweiz) AG

Time Deposit Accounts
up to 0.50 %

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.

Address
Löwenstrasse 62, 8021, Basel, Switzerland
P.O. Box
3856
Phone
044 225 22 11
Fax
061 264 12 01
Bank Category
Foreign-controlled banks
Start Date
1909
Total Assets (2016)
7 647.40 mln CHF  (+15.82%)
Number of Employees (2016)
319  (+0.19%)
Deposit Guarantee
100 000 CHF
BIC (SWIFT)
CIALCHBB80A
Company Number
CHE-105.939.095

Business Summary

Services
retail banking
private banking
corporate banking
investment banking
Products
current accounts
credit cards
savings accounts
time deposit accounts (0.05 - 0.50 %)
consumer loans
mortgage loans

Products

Time Deposit Accounts

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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).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.

Last updated 20 August 2017

Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
24
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
24
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
36
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
36
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.15 %
Deposit Term (months)
48
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.15 %
Deposit Term (months)
48
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.25 %
Deposit Term (months)
60
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.25 %
Deposit Term (months)
60
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.30 %
Deposit Term (months)
72
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.30 %
Deposit Term (months)
72
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.35 %
Deposit Term (months)
84
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.35 %
Deposit Term (months)
84
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.50 %
Deposit Term (months)
120
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.50 %
Deposit Term (months)
120

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.

See Also

Financial Positions

Total Assets (2016)
7 647.40 mln CHF  (+15.82%)
Assets Under Management (2016)
0.00 CHF

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.

Total Assets of Bank CIC (Schweiz) AG. 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.

Assets Under Management of Bank CIC (Schweiz) AG. Chart 2. Assets Under Management of Bank CIC (Schweiz) AG.

Profit and Loss

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.

Gross Profit of Bank CIC (Schweiz) AG. 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.

2015 2016 % change
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%
Gross Profit 30.8 2.5 -91.88%
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.

Annual Profit of Bank CIC (Schweiz) AG. Chart 4. Annual Profit of Bank CIC (Schweiz) AG.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2016)
48th (market share 0.25%)

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 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)
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 Bank CIC (Schweiz) AG and its components are shown in the table below.

BIC  CIALCHBB80A
Bank BIC Code  CIAL
Country Code  CH (Switzerland)
Location Code  BB
Branch Code  80A

Company Registration Number

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.

Company Number  CHE-105.939.095