Citibank (Switzerland) AG

Founded in 1812, Citibank is consumer banking division of Citigroup, an American financial services corporation. Citibank offers retail and commercial banking products and services in four regions: Asia; Europe, the Middle East and Africa; Latin America; North America.

Bank Category
Foreign-controlled banks

Citibank (Switzerland) AG is the 71st largest bank in Switzerland in terms of total assets. In 2016 its total assets were 3 681,25 mln CHF, providing the bank with the market share of 0.12%. Citibank (Switzerland) AG is the 20th largest foreign-controlled bank in Switzerland (out of 81 banks) having market share of 1.49% amongst the banks of this category.

Rank in Switzerland
71st largest bank

Total Assets (2016)
3 681.25 mln CHF  (+24.86%)
Number of Employees (2016)
353  (-5.11%)

Citibank (Switzerland) AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Citibank (Switzerland) AG is headquartered in Zürich.

Address
Prime Tower / Hardstrasse 201, 8010, Zürich, Switzerland
Phone
058 750 50 00
Fax
058 750 72 92
BIC (SWIFT)
CBSWCHZZXXX
Company Number
CHE-105.818.184
Founded
1982

Financial Positions

Total Assets (2016)
3 681.25 mln CHF  (+24.86%)
Assets Under Management (2016)
26 577.50 mln CHF  (+14.86%)

In 2016 total assets of Citibank (Switzerland) AG were 3 681.25 mln CHF. Growth compared to the previous period (2015) was 24.86%. The evolution of the total assets of Citibank (Switzerland) AG is shown at Chart 1 below.

Total Assets of Citibank (Switzerland) AG. Chart 1. Total Assets of Citibank (Switzerland) AG.

In 2016 assets under management of Citibank (Switzerland) AG were 26 577.50 mln CHF. Growth compared to the previous period (2015) was 14.86%. The evolution of the assets under management of Citibank (Switzerland) AG is shown at Chart 2 below.

Assets Under Management of Citibank (Switzerland) AG. Chart 2. Assets Under Management of Citibank (Switzerland) AG.

Profit and Loss

Gross Profit (2016)
36.10 mln CHF  (+43.25%)
Annual Profit (2016)
26.10 mln CHF  (+45.81%)

In 2016 gross profit of Citibank (Switzerland) AG was 36.10 mln CHF. Growth compared to the previous period (2015) was 43.25%. The evolution of the gross profit of Citibank (Switzerland) AG is shown at Chart 3 below.

Gross Profit of Citibank (Switzerland) AG. Chart 3. Gross Profit of Citibank (Switzerland) AG.

Recent changes in gross profit of Citibank (Switzerland) AG and its main components are shown in Table 1.

2015 2016 % change
Net Interest Income 6.3 7.4 +17.46%
Net Commission Income 164.6 176.8 +7.41%
Net Income from Trading Operations 11.5 10.9 -5.22%
Net Income from Banking Operations 185.0 197.9 +6.97%
Gross Profit 25.2 36.1 +43.25%
Table 1. Recent changes in gross profit of Citibank (Switzerland) AG (mln CHF).

In 2016 annual profit of Citibank (Switzerland) AG was 26.10 mln CHF. Growth compared to the previous period (2015) was 45.81%. The evolution of the annual profit of Citibank (Switzerland) AG is shown at Chart 4 below.

Annual Profit of Citibank (Switzerland) AG. Chart 4. Annual Profit of Citibank (Switzerland) AG.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2016)
71st (market share 0.12%)

In 2016 Citibank (Switzerland) AG was the 71st largest bank in Switzerland in terms of total assets, having 0.12% of market share.

Market share of Citibank (Switzerland) AG Chart 5. Market share of Citibank (Switzerland) AG

Several banks with market shares closest to Citibank (Switzerland) AG are shown below.

RankNameTotal AssetsMarket Share
70 Bank Hapoalim (Schweiz) AG3761.06 mln CHF0.12%
71 Citibank (Switzerland) AG3681.25 mln CHF0.12%
72Arab Bank (Switzerland) Ltd.3640.76 mln CHF0.12%
 

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 Citibank (Switzerland) 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 Citibank (Switzerland) AG and its components are shown in the table below.

BIC  CBSWCHZZXXX
Bank BIC Code  CBSW
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-105.818.184

European Presence: 8 banks in 7 countries

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

Germany

Italy

Jersey

Spain

Switzerland

Turkey

United Kingdom