On March 13, 2015 Leumi Private Bank Ltd ceased business activities and transferred the majority of its private banking customers to Bank Julius Bär.
Leumi Private Bank AG was the 101st largest bank in Switzerland in terms of total assets. In 2014 its total assets were 1 583,34 mln CHF, providing the bank with the market share of 0.04%. Leumi Private Bank AG was the 30th largest foreign-controlled bank in Switzerland (out of 90 banks) having market share of 0.55% amongst the banks of this category.
Leumi Private Bank AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
Leumi Private Bank AG was headquartered in Zürich.
|Total Assets (2014)|
|1 583.34 mln CHF (-7.21%)|
|Assets Under Management (2014)|
|5 743.00 mln CHF (-17.20%)|
In 2014 total assets of Leumi Private Bank AG were 1 583.34 mln CHF. Decline compared to the previous period (2013) was -7.21%. The evolution of the total assets of Leumi Private Bank AG is shown at Chart 1 below.
Chart 1. Total Assets of Leumi Private Bank AG.
In 2014 assets under management of Leumi Private Bank AG were 5 743.00 mln CHF. Decline compared to the previous period (2013) was -17.20%.
|Gross Profit (2014)|
|3.10 mln CHF (-89.12%)|
|Annual Profit (2014)|
|-143 200 000.00 CHF|
In 2014 gross profit of Leumi Private Bank AG was 3.10 mln CHF. Decline compared to the previous period (2013) was -89.12%.
Recent changes in gross profit of Leumi Private Bank AG and its main components are shown in Table 1.
|Net Interest Income||14.7||12.5||-14.97%|
|Net Commission Income||44.5||38.6||-13.26%|
|Net Income from Trading Operations||12.1||4.6||-61.98%|
|Net Income from Banking Operations||85.0||55.7||-34.47%|
|Table 1. Recent changes in gross profit of Leumi Private Bank AG (mln CHF).|
In 2014 annual profit of Leumi Private Bank AG was -143 200 000.00 CHF. Decline compared to the previous period (2013) was -830.61%.
|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 Leumi Private Bank AG 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|
Any bank can be identified for different purposes and hence can have several different identifiers.
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 Leumi Private Bank AG and its components are shown in the table below.
|Bank BIC Code||LUMI|
|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.