Banque Algérienne du Commerce Extérieur SA

Banque Algérienne du Commerce Extérieur SA (Algerian Bank of Foreigh Trade, BACE) is specialised in trade finance business (particularly documentary credits) especially between European countries and Algeria.

Banque Algérienne du Commerce Extérieur SA is the 106th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 1 359,05 mln CHF, providing the bank with the market share of 0.04%. Banque Algérienne du Commerce Extérieur SA is the 31st largest foreign-controlled bank in Switzerland (out of 81 banks) having market share of 0.55% amongst the banks of this category.

Banque Algérienne du Commerce Extérieur SA participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Banque Algérienne du Commerce Extérieur SA is headquartered in Zürich.

Address
Talacker 41, 8023, Zürich, Switzerland
P.O. Box
7484
Phone
044 218 50 60
Fax
044 211 36 27
Bank Category
Foreign-controlled banks
Start Date
1981
Total Assets (2016)
1 359.05 mln CHF  (-7.67%)
Deposit Guarantee
100 000 CHF
BIC (SWIFT)
AEXTCHZZXXX
Company Number
CHE-107.742.735

Financial Positions

Total Assets (2016)
1 359.05 mln CHF  (-7.67%)

In 2016 total assets of Banque Algérienne du Commerce Extérieur SA were 1 359.05 mln CHF. Decline compared to the previous period (2015) was -7.67%. The evolution of the total assets of Banque Algérienne du Commerce Extérieur SA is shown at Chart 1 below.

Total Assets of Banque Algérienne du Commerce Extérieur SA. Chart 1. Total Assets of Banque Algérienne du Commerce Extérieur SA.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2016)
106th (market share 0.04%)

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 Algérienne du Commerce Extérieur 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 Algérienne du Commerce Extérieur SA and its components are shown in the table below.

BIC  AEXTCHZZXXX
Bank BIC Code  AEXT
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-107.742.735