IDB (Swiss) Bank Ltd

Following the conclusion of an asset deal with Hyposwiss Private Bank Genève SA and the transfer of its customers in February 2016, IDB (Swiss) Bank Ltd entered into voluntary liquidation.

Address
Rue du Rhône 100, 1211, Genève, Switzerland
P.O. Box
3385
Phone
022 591 10 00
Fax
022 591 10 01
Bank Category
Foreign-controlled banks
Start Date
2001
Total Assets (2015)
497.66 mln CHF  (-9.46%)
Number of Employees (2014)
34  (+3.07%)
Deposit Guarantee
100 000 CHF
BIC (SWIFT)
IDBSCHGGXXX
Company Number
CHE-109.074.784

Financial Positions

Total Assets (2015)
497.66 mln CHF  (-9.46%)
Assets Under Management (2014)
1 555.30 mln CHF  (+19.52%)

In 2015 total assets of IDB (Swiss) Bank Ltd were 497.66 mln CHF. Decline compared to the previous period (2014) was -9.46%. The evolution of the total assets of IDB (Swiss) Bank Ltd is shown at Chart 1 below.

Total Assets of IDB (Swiss) Bank Ltd. Chart 1. Total Assets of IDB (Swiss) Bank Ltd.

In 2014 assets under management of IDB (Swiss) Bank Ltd were 1 555.30 mln CHF. Growth compared to the previous period (2013) was 19.52%.

Profit and Loss

Gross Profit (2014)
200 000.00 CHF  (-84.62%)
Annual Profit (2014)
-500 000.00 CHF

In 2014 gross profit of IDB (Swiss) Bank Ltd was 200 000.00 CHF. Decline compared to the previous period (2013) was -84.62%.

Recent changes in gross profit of IDB (Swiss) Bank Ltd and its main components are shown in Table 1.

2013 2014 % change
Net Interest Income 2 600 000.0 2 400 000.0 -7.69%
Net Commission Income 7 200 000.0 8 100 000.0 +12.50%
Net Income from Trading Operations 2 300 000.0 1 600 000.0 -30.43%
Net Income from Banking Operations 12 200 000.0 12 100 000.0 -0.82%
Gross Profit 1 300 000.0 200 000.0 -84.62%
Table 1. Recent changes in gross profit of IDB (Swiss) Bank Ltd ( CHF).

In 2014 annual profit of IDB (Swiss) Bank Ltd was -500 000.00 CHF. Decline compared to the previous period (2013) was -350.00%.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2015)
166th (market share 0.02%)

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 IDB (Swiss) Bank Ltd 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 IDB (Swiss) Bank Ltd and its components are shown in the table below.

BIC  IDBSCHGGXXX
Bank BIC Code  IDBS
Country Code  CH (Switzerland)
Location Code  GG
Branch Code  XXX

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-109.074.784