SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA

Société Générale Private Banking is a division of Société Générale Group (France) offering private banking and wealth management products and services.

Address
Lugano, Switzerland
Member of Group
 Société Générale (France)
Bank Category
Foreign-controlled banks
Start Date
1943
Total Assets (2014)
900.29 mln CHF  (+31.51%)
Number of Employees (2015)
55 
Deposit Guarantee
100 000 CHF

Financial Positions

Total Assets (2014)
900.29 mln CHF  (+31.51%)
Assets Under Management (2015)
1 993.30 mln CHF  (-15.16%)

In 2014 total assets of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA were 900.29 mln CHF. Growth compared to the previous period (2013) was 31.51%. The evolution of the total assets of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA is shown at Chart 1 below.

Total Assets of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA. Chart 1. Total Assets of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA.

In 2015 assets under management of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA were 1 993.30 mln CHF. Decline compared to the previous period (2014) was -15.16%. The evolution of the assets under management of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA is shown at Chart 2 below.

Assets Under Management of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA. Chart 2. Assets Under Management of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA.

Profit and Loss

Gross Profit (2015)
2.80 mln CHF  (-60.56%)
Annual Profit (2015)
-300 000.00 CHF

In 2015 gross profit of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA was 2.80 mln CHF. Decline compared to the previous period (2014) was -60.56%. The evolution of the gross profit of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA is shown at Chart 3 below.

Gross Profit of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA. Chart 3. Gross Profit of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA.

Recent changes in gross profit of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA and its main components are shown in Table 1.

2014 2015 % change
Net Interest Income 4.3 3.1 -27.91%
Net Commission Income 19.8 15.7 -20.71%
Net Income from Trading Operations 2.7 3.0 +11.11%
Net Income from Banking Operations 26.8 21.8 -18.66%
Gross Profit 7.1 2.8 -60.56%
Table 1. Recent changes in gross profit of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA (mln CHF).

In 2015 annual profit of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA was -300 000.00 CHF. Decline compared to the previous period (2014) was -102.63%. The evolution of the annual profit of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA is shown at Chart 4 below.

Annual Profit of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA. Chart 4. Annual Profit of SOCIETE GENERALE Private Banking (Lugano-Svizzera) SA.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2014)
133rd (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 SOCIETE GENERALE Private Banking (Lugano-Svizzera) 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

European Presence: 4 banks in 2 countries

This bank operates in the following European countries and selected dependent territories of the European countries:

Belgium

Switzerland