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.
IDB (Swiss) Bank Ltd was the 166th largest bank in Switzerland in terms of total assets. In 2015 its total assets were 497,66 mln CHF, providing the bank with the market share of 0.02%. IDB (Swiss) Bank Ltd was the 53rd largest foreign-controlled bank in Switzerland (out of 85 foreign-controlled banks) having market share of 0.19% amongst the banks of this category. IDB (Swiss) Bank Ltd had 34 employees in 2014.
IDB (Swiss) Bank Ltd participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
IDB (Swiss) Bank Ltd was headquartered in Genève.
|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.
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%.
|Gross Profit (2014)|
|12.10 mln CHF (-0.82%)|
|Operating Income (2014)|
|200 000.00 CHF (-84.62%)|
|Annual Profit (2014)|
|-500 000.00 CHF|
In 2014 gross profit of IDB (Swiss) Bank Ltd was 12.10 mln CHF. Decline compared to the previous period (2013) was -0.82%.
Recent changes in gross profit of IDB (Swiss) Bank Ltd and its main components are shown in Table 1.
|Net Interest Income||2.6||2.4||-7.69%|
|Net Commission Income||7.2||8.1||+12.50%|
|Net Income from Trading Operations||2.3||1.6||-30.43%|
|Table 1. Recent changes in gross profit of IDB (Swiss) Bank Ltd (mln 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%.
|Number of Employees (2014)|
In 2014 there were 34 employees of IDB (Swiss) Bank Ltd. Growth compared to the previous period (2013) was 3.07%.
|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)|
|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 IDB (Swiss) Bank Ltd and its components are shown in the table below.
|Bank BIC Code||IDBS|
|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.