Banco Itaú (Suisse) SA

Established in Brasil, Banco Itaú is one of the largest banks in Latin America. Banco Itaú is a universal bank offering a wide range of retail, private, corporate and investment banking services to a broad spectrum of clients: individuals, SMEs, business entities, transnational corporations and public institutions.

Bank Category

Foreign-controlled banks

Financials

Total Assets (2017)
1 153.41 mln CHF  (+0.65%)
Number of Employees (2017)
71  (+4.75%)

Banco Itaú (Suisse) SA is the 115th largest bank in Switzerland in terms of total assets. In 2017 its total assets were 1 153,41 mln CHF, providing the bank with the market share of 0.04%. Banco Itaú (Suisse) SA is the 30th largest foreign-controlled bank in Switzerland (out of 76 foreign-controlled banks) having market share of 0.50% amongst the banks of this category. Banco Itaú (Suisse) SA had 71 employees in 2017.

Banco Itaú (Suisse) SA participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Contacts

Bleicherweg 30, 8002, Zürich, Switzerland
044 575 50 00
044 575 50 40

Banco Itaú (Suisse) SA is headquartered in Zürich.

Bank Identifiers

BIC (SWIFT)
ITAUCHZZXXX
Company Number
CHE-115.963.741
Founded
2010

Financial Positions

Total Assets (2017)
1 153.41 mln CHF  (+0.65%)
Assets Under Management (2017)
8 585.40 mln CHF  (+10.24%)

In 2017 total assets of Banco Itaú (Suisse) SA were 1 153.41 mln CHF. Growth compared to the previous period (2016) was 0.65%. The evolution of the total assets of Banco Itaú (Suisse) SA is shown at Chart 1 below.

Total Assets of Banco Itaú (Suisse) SA.

Chart 1. Total Assets of Banco Itaú (Suisse) SA.

In 2017 assets under management of Banco Itaú (Suisse) SA were 8 585.40 mln CHF. Growth compared to the previous period (2016) was 10.24%. The evolution of the assets under management of Banco Itaú (Suisse) SA is shown at Chart 2 below.

Assets Under Management of Banco Itaú (Suisse) SA.

Chart 2. Assets Under Management of Banco Itaú (Suisse) SA.

Profit and Loss

Gross Profit (2017)
64.60 mln CHF  (+23.52%)
Operating Income (2017)
31.30 mln CHF  (+40.99%)
Annual Profit (2017)
24.80 mln CHF  (+51.22%)

In 2017 gross profit of Banco Itaú (Suisse) SA was 64.60 mln CHF. Growth compared to the previous period (2016) was 23.52%. The evolution of the gross profit of Banco Itaú (Suisse) SA is shown at Chart 3 below.

Gross Profit of Banco Itaú (Suisse) SA.

Chart 3. Gross Profit of Banco Itaú (Suisse) SA.

Recent changes in gross profit of Banco Itaú (Suisse) SA and its main components are shown in Table 1.

2016 2017 % change
Net Interest Income 10.4 17.0 +63.46%
Net Commission Income 39.1 45.3 +15.86%
Net Income from Trading Operations 2.3 2.0 -13.04%
Gross Profit 52.3 64.6 +23.52%
Table 1. Recent changes in gross profit of Banco Itaú (Suisse) SA (mln CHF).

In 2017 annual profit of Banco Itaú (Suisse) SA was 24.80 mln CHF. Growth compared to the previous period (2016) was 51.22%. The evolution of the annual profit of Banco Itaú (Suisse) SA is shown at Chart 4 below.

Annual Profit of Banco Itaú (Suisse) SA.

Chart 4. Annual Profit of Banco Itaú (Suisse) SA.

Number of Employees

Number of Employees (2017)
71  (+4.75%)

In 2017 there were 71 employees of Banco Itaú (Suisse) SA. Growth compared to the previous period (2016) was 4.75%. The evolution of the number of employees of Banco Itaú (Suisse) SA is shown at Chart 5 below.

Number of Employees of Banco Itaú (Suisse) SA.

Chart 5. Number of Employees of Banco Itaú (Suisse) SA.

Market Share and Rank (among banks in Switzerland)

Total Assets (2017)
115th (market share 0.04%)

In 2017 Banco Itaú (Suisse) SA was ranked the 115th largest bank in Switzerland in terms of total assets, having 0.04% of the domestic market share.

Market share of Banco Itaú (Suisse) SA (among banks in Switzerland)

Chart 6. Market share of Banco Itaú (Suisse) SA (among banks in Switzerland)

Several banks having the market shares and ranks closest to Banco Itaú (Suisse) SA are shown below.

RankNameTotal AssetsMarket Share
114 REYL & Cie SA1174.79 mln CHF0.04%
115 Banco Itaú (Suisse) SA1153.41 mln CHF0.04%
116 Bank EKI Genossenschaft1120.57 mln CHF0.03%
 

Market Share and Rank (among Foreign-controlled banks in Switzerland)

Total Assets (2017)
30th (market share 0.50%)

In 2017 Banco Itaú (Suisse) SA was ranked the 30th largest foreign-controlled bank in Switzerland in terms of total assets, having 0.50% of the category's market share.

Market share of Banco Itaú (Suisse) SA (among Foreign-controlled banks in Switzerland)

Chart 7. Market share of Banco Itaú (Suisse) SA (among Foreign-controlled banks in Switzerland)

Several foreign-controlled banks having the market shares and ranks closest to Banco Itaú (Suisse) SA are shown below.

RankNameTotal AssetsMarket Share
29 Frankfurter Bankgesellschaft (Schweiz) AG1409.81 mln CHF0.61%
30 Banco Itaú (Suisse) SA1153.41 mln CHF0.50%
31 EFG Bank European Financial Group SA1113.88 mln CHF0.48%
 

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 Banco Itaú (Suisse) 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

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 Banco Itaú (Suisse) SA and its components are shown in the table below.

BIC  ITAUCHZZXXX
Bank BIC Code  ITAU
Country Code  CH (Switzerland)
Location Code  ZZ
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-115.963.741

European Presence: 7 banks in 4 countries

Banco Itaú (Suisse) SA operates under the brand name Banco Itau. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Cayman Islands

Portugal

Switzerland

  •  (this bank) Banco Itaú (Suisse) SA (Zürich)

United Kingdom

Defunct Banks: 2 banks in 2 countries

The following banks operating under Banco Itau brand name has been recently closed down:

Luxembourg

United Kingdom