In April 2015, Royal Bank of Scotland announced the sale of Coutts’s international operation to Union Bancaire Privée, a family-owned Swiss private bank. The sale was completed in April 2016.
Coutts & Co AG was the 52nd largest bank in Switzerland in terms of total assets. In 2015 its total assets were 6 262,10 mln CHF, providing the bank with the market share of 0.21%. Coutts & Co AG was the 13th largest foreign-controlled bank in Switzerland (out of 85 banks) having market share of 2.40% amongst the banks of this category.
Coutts & Co AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
Coutts & Co AG is a member of The Royal Bank of Scotland (United Kingdom). Coutts & Co AG was headquartered in Zürich.
|Total Assets (2015)|
|6 262.10 mln CHF (-48.59%)|
|Assets Under Management (2015)|
|14 586.00 mln CHF (-58.70%)|
In 2015 total assets of Coutts & Co AG were 6 262.10 mln CHF. Decline compared to the previous period (2014) was -48.59%. The evolution of the total assets of Coutts & Co AG is shown at Chart 1 below.
Chart 1. Total Assets of Coutts & Co AG.
In 2015 assets under management of Coutts & Co AG were 14 586.00 mln CHF. Decline compared to the previous period (2014) was -58.70%. The evolution of the assets under management of Coutts & Co AG is shown at Chart 2 below.
Chart 2. Assets Under Management of Coutts & Co AG.
|Gross Profit (2015)|
|-19 700 000.00 CHF|
|Annual Profit (2015)|
|-126 400 000.00 CHF|
In 2015 gross profit of Coutts & Co AG was -19 700 000.00 CHF. Decline compared to the previous period (2014) was -134.87%. The evolution of the gross profit of Coutts & Co AG is shown at Chart 3 below.
Chart 3. Gross Profit of Coutts & Co AG.
Recent changes in gross profit of Coutts & Co AG and its main components are shown in Table 1.
|Net Interest Income||123.7||97.7||-21.02%|
|Net Commission Income||173.1||120.2||-30.56%|
|Net Income from Trading Operations||32.1||18.4||-42.68%|
|Net Income from Banking Operations||340.8||358.4||+5.16%|
|Table 1. Recent changes in gross profit of Coutts & Co AG (mln CHF).|
In 2015 annual profit of Coutts & Co AG was -126 400 000.00 CHF. Decline compared to the previous period (2014) was -768.78%. The evolution of the annual profit of Coutts & Co AG is shown at Chart 4 below.
Chart 4. Annual Profit of Coutts & Co AG.
|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 Coutts & Co 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|
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 Coutts & Co AG and its components are shown in the table below.
|Bank BIC Code||COUT|
|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.