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

Financials

Total Assets (2017)
2 415.30 mln CHF  (-34.39%)
Number of Employees (2016)
353  (-5.11%)

In 2017 total assets of Citibank (Switzerland) AG were 2 415,30 mln CHF. Citibank (Switzerland) AG had 353 employees in 2016.

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

Contacts

Prime Tower / Hardstrasse 201, 8010, Zürich, Switzerland
058 750 50 00
058 750 72 92

Citibank (Switzerland) AG is headquartered in Zürich.

Bank Identifiers

BIC (SWIFT)
CBSWCHZZXXX
Company Number
CHE-105.818.184
Founded
1982

Financial Positions

Total Assets (2017)
2 415.30 mln CHF  (-34.39%)
Assets Under Management (2016)
26 577.50 mln CHF  (+14.86%)

In 2017 total assets of Citibank (Switzerland) AG were 2 415.30 mln CHF. Decline compared to the previous period (2016) was -34.39%. 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.

Number of Employees

Number of Employees (2016)
353  (-5.11%)

In 2016 there were 353 employees of Citibank (Switzerland) AG. Decline compared to the previous period (2015) was -5.11%. The evolution of the number of employees of Citibank (Switzerland) AG is shown at Chart 5 below.

Number of Employees of Citibank (Switzerland) AG.

Chart 5. Number of Employees of Citibank (Switzerland) AG.

Market Share and Rank (among banks in Switzerland)

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

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

Market share of Citibank (Switzerland) AG (among banks in Switzerland)

Chart 6. Market share of Citibank (Switzerland) AG (among banks in Switzerland)

Several banks having the market shares and ranks 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%
 

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

Total Assets (2016)
20th (market share 1.49%)

In 2016 Citibank (Switzerland) AG was ranked the 20th largest foreign-controlled bank in Switzerland in terms of total assets, having 1.49% of the category's market share.

Market share of Citibank (Switzerland) AG (among Foreign-controlled banks in Switzerland)

Chart 7. Market share of Citibank (Switzerland) AG (among Foreign-controlled banks in Switzerland)

Several foreign-controlled banks having the market shares and ranks closest to Citibank (Switzerland) AG are shown below.

RankNameTotal AssetsMarket Share
19 Bank Hapoalim (Schweiz) AG3761.06 mln CHF1.52%
20 Citibank (Switzerland) AG3681.25 mln CHF1.49%
21Arab Bank (Switzerland) Ltd.3640.76 mln CHF1.47%
 

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

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

Citibank (Switzerland) AG operates under the brand name Citibank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Germany

Italy

Jersey

Spain

Switzerland

Turkey

United Kingdom

Defunct Banks: 4 banks in 3 countries

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

Cayman Islands

Jersey

Spain