Leumi Private Bank AG (formerly Bank Leumi (Schweiz) AG)

On March 13, 2015 Leumi Private Bank Ltd ceased business activities and transferred the majority of its private banking customers to Bank Julius Bär.

Bank Category
Foreign-controlled banks

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.

Rank in Switzerland
101st largest bank

Total Assets (2014)
1 583.34 mln CHF  (-7.21%)
Number of Employees (2014)
138  (-12.59%)

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.

Address
Dianastrasse 5, 8022, Zürich, Switzerland
P.O. Box
5131
Phone
058 207 91 11
Fax
058 207 91 00
BIC (SWIFT)
LUMICHZZXXX
Company Number
CHE-105.839.200
Founded
1953
Closed
2015

Financial Positions

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.

Total Assets of Leumi Private Bank AG.

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%.

Profit and Loss

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.

2013 2014 % change
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%
Gross Profit 28.5 3.1 -89.12%
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%.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2014)
101st (market share 0.04%)

In 2014 Leumi Private Bank AG was the 101st largest bank in Switzerland in terms of total assets, having 0.04% of market share.

Market share of Leumi Private Bank AG

Chart 2. Market share of Leumi Private Bank AG

Several banks with market shares closest to Leumi Private Bank AG are shown below.

RankNameTotal AssetsMarket Share
96 Alternative Bank Schweiz AG1585.98 mln CHF0.05%
101 Leumi Private Bank AG (closed)1583.34 mln CHF0.04%
97 Bernerland Bank AG1429.64 mln CHF0.05%
 

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 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)
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 Leumi Private Bank AG and its components are shown in the table below.

BIC  LUMICHZZXXX
Bank BIC Code  LUMI
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-105.839.200

European Presence: 3 banks in 2 countries

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

Romania

United Kingdom