Coutts & Co AG

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.

Bank Category
Foreign-controlled banks

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.

Rank in Switzerland
52nd largest bank

Total Assets (2015)
6 262.10 mln CHF  (-48.59%)
Number of Employees (2015)
526  (-57.32%)

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.

Address
Stauffacherstrasse 1, 8022, Zürich, Switzerland
Phone
043 245 51 11
Fax
043 245 53 96
BIC (SWIFT)
COUTCHZZXXX
Company Number
CHE-105.841.220
Founded
1930
Closed
2016

Financial Positions

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.

Total Assets of Coutts & Co AG. 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.

Assets Under Management of Coutts & Co AG. Chart 2. Assets Under Management of Coutts & Co AG.

Profit and Loss

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.

Gross Profit of Coutts & Co AG. 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.

2014 2015 % change
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%
Gross Profit 56.5 -19.7
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.

Annual Profit of Coutts & Co AG. Chart 4. Annual Profit of Coutts & Co AG.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2015)
52nd (market share 0.21%)

In 2015 Coutts & Co AG was the 52nd largest bank in Switzerland in terms of total assets, having 0.21% of market share.

Market share of Coutts & Co AG Chart 5. Market share of Coutts & Co AG

Several banks with market shares closest to Coutts & Co AG are shown below.

RankNameTotal AssetsMarket Share
52 Bank Linth LLB AG6291.56 mln CHF0.21%
52 Coutts & Co AG (closed)6262.10 mln CHF0.21%
49 Cornèr Banca SA6055.75 mln CHF0.23%
 

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 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)
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 Coutts & Co AG and its components are shown in the table below.

BIC  COUTCHZZXXX
Bank BIC Code  COUT
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-105.841.220