Banque Privée Espirito Santo SA

The Swiss Financial Market Supervisory Authority (FINMA) declared bankruptcy over Banque Privée Espirito Santo SA en liquidation on September 19, 2014 at 8am. In this context, the FINMA appointed Carrard Consulting SA as Liquidator to successfully complete and supervise the operations. The Liquidator will endeavor to fulfill this mission in the best interest of creditors and employees.

As from today, the bank is closed and ceases all activities, subject to those related to the proceedings. Creditors that are willing to be legally registered in the Schedule of Claims must fill in the applicable form(s), sign it (them) and send it (them) by mail to Banque Privée Espirito Santo SA en liquidation, P.O. Box 107, 1009 Pully, Switzerland. Furthermore, to speed up proceedings, please forward the requested form(s) by email to questions@liquidator-bpes.ch. Messages shall be handled by order of arrival and priority.

Bank Category
Foreign-controlled banks

Banque Privée Espirito Santo SA was the 130th largest bank in Switzerland in terms of total assets. In 2013 its total assets were 867,07 mln CHF, providing the bank with the market share of 0.03%. Banque Privée Espirito Santo SA was the 42nd largest foreign-controlled bank in Switzerland (out of 93 banks) having market share of 0.32% amongst the banks of this category.

Rank in Switzerland
130th largest bank

Total Assets (2013)
867.07 mln CHF  (+39.98%)
Number of Employees (2013)
169

Banque Privée Espirito Santo SA participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Banque Privée Espirito Santo SA is a member of Espírito Santo (Portugal). Banque Privée Espirito Santo SA was headquartered in Pully.

Address
Avenue Général-Guisan 70 A, 1009, Pully, Switzerland
P.O. Box
107
Phone
021 619 55 55
Fax
021 619 55 56
Website
http://liquidator-bpes.ch/
BIC (SWIFT)
CFESCH22XXX
Founded
1999
Closed
2014

Financial Positions

Total Assets (2013)
867.07 mln CHF  (+39.98%)
Assets Under Management (2013)
5 582.20 mln CHF

In 2013 total assets of Banque Privée Espirito Santo SA were 867.07 mln CHF. Growth compared to the previous period (2012) was 39.98%. The evolution of the total assets of Banque Privée Espirito Santo SA is shown at Chart 1 below.

Total Assets of Banque Privée Espirito Santo SA.

Chart 1. Total Assets of Banque Privée Espirito Santo SA.

In 2013 assets under management of Banque Privée Espirito Santo SA were 5 582.20 mln CHF.

Profit and Loss

Gross Profit (2013)
9.00 mln CHF
Annual Profit (2013)
2.00 mln CHF

In 2013 gross profit of Banque Privée Espirito Santo SA was 9.00 mln CHF.

The structure of gross profit of Banque Privée Espirito Santo SA is shown in Table 1.

2013
Net Interest Income 5.7
Net Commission Income 40.9
Net Income from Trading Operations 3.6
Net Income from Banking Operations 56.1
Gross Profit 9.0
Table 1. Structure of gross profit of Banque Privée Espirito Santo SA (mln CHF).

In 2013 annual profit of Banque Privée Espirito Santo SA was 2.00 mln CHF.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2013)
130th (market share 0.03%)

In 2013 Banque Privée Espirito Santo SA was the 130th largest bank in Switzerland in terms of total assets, having 0.03% of market share.

Market share of Banque Privée Espirito Santo SA

Chart 2. Market share of Banque Privée Espirito Santo SA

Several banks with market shares closest to Banque Privée Espirito Santo SA are shown below.

RankNameTotal AssetsMarket Share
106Banque Algérienne du Commerce Extérieur SA883.55 mln CHF0.04%
130 Banque Privée Espirito Santo SA (closed)867.07 mln CHF0.03%
123 BANK ZIMMERBERG AG862.38 mln CHF0.03%
 

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 Banque Privée Espirito Santo 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

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 Banque Privée Espirito Santo SA and its components are shown in the table below.

BIC  CFESCH22XXX
Bank BIC Code  CFES
Country Code  CH (Switzerland)
Location Code  22
Branch Code  XXX

European Presence: 2 banks in 2 countries

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

Cayman Islands

United Kingdom