Standard Chartered Bank (Switzerland) SA

Standard Chartered Bank (Switzerland) SA was closed after failing to attract a buyer. The bank is in liquidation. Selling the bank was planned to shed non-core businesses and to focus on Asia, Africa and the Middle East.

Bank Category
Foreign-controlled banks

Standard Chartered Bank (Switzerland) SA was the 144th largest bank in Switzerland in terms of total assets. In 2013 its total assets were 735,14 mln CHF, providing the bank with the market share of 0.02%. Standard Chartered Bank (Switzerland) SA was the 47th largest foreign-controlled bank in Switzerland (out of 93 banks) having market share of 0.27% amongst the banks of this category.

Rank in Switzerland
144th largest bank

Total Assets (2013)
735.14 mln CHF  (+95.48%)
Number of Employees (2013)
74

Standard Chartered Bank (Switzerland) SA participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Standard Chartered Bank (Switzerland) SA is a member of Standard Chartered (United Kingdom). Standard Chartered Bank (Switzerland) SA was headquartered in Genève.

Address
Genève, Switzerland
Founded
1990
Closed
2014

Financial Positions

Total Assets (2013)
735.14 mln CHF  (+95.48%)
Assets Under Management (2013)
2 118.00 mln CHF

In 2013 total assets of Standard Chartered Bank (Switzerland) SA were 735.14 mln CHF. Growth compared to the previous period (2012) was 95.48%. The evolution of the total assets of Standard Chartered Bank (Switzerland) SA is shown at Chart 1 below.

Total Assets of Standard Chartered Bank (Switzerland) SA.

Chart 1. Total Assets of Standard Chartered Bank (Switzerland) SA.

In 2013 assets under management of Standard Chartered Bank (Switzerland) SA were 2 118.00 mln CHF.

Profit and Loss

Gross Profit (2013)
-15 100 000.00 CHF
Annual Profit (2013)
-8 500 000.00 CHF

In 2013 gross profit of Standard Chartered Bank (Switzerland) SA was -15 100 000.00 CHF.

The structure of gross profit of Standard Chartered Bank (Switzerland) SA is shown in Table 1.

2013
Net Interest Income 5.2
Net Commission Income 5.2
Net Income from Trading Operations 0.6
Net Income from Banking Operations 11.0
Gross Profit -15.1
Table 1. Structure of gross profit of Standard Chartered Bank (Switzerland) SA (mln CHF).

In 2013 annual profit of Standard Chartered Bank (Switzerland) SA was -8 500 000.00 CHF.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2013)
144th (market share 0.02%)

In 2013 Standard Chartered Bank (Switzerland) SA was the 144th largest bank in Switzerland in terms of total assets, having 0.02% of market share.

Market share of Standard Chartered Bank (Switzerland) SA

Chart 2. Market share of Standard Chartered Bank (Switzerland) SA

Several banks with market shares closest to Standard Chartered Bank (Switzerland) SA are shown below.

RankNameTotal AssetsMarket Share
132 KBL (SWITZERLAND) LTD (closed)736.63 mln CHF0.03%
144 Standard Chartered Bank (Switzerland) SA (closed)735.14 mln CHF0.02%
140 Clientis Bank Toggenburg AG725.24 mln CHF0.02%
 

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 Standard Chartered Bank (Switzerland) SA 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