EFG Bank AG

EFG Bank AG provides private banking services to individuals and institutions.

Bank Category
Foreign-controlled banks

EFG Bank AG is the 29th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 18 183,84 mln CHF, providing the bank with the market share of 0.59%. EFG Bank AG is the 4th largest foreign-controlled bank in Switzerland (out of 81 banks) having market share of 7.35% amongst the banks of this category.

Rank in Switzerland
29th largest bank

Total Assets (2016)
18 183.84 mln CHF  (+1.04%)
Number of Employees (2015)
846  (+2.34%)

EFG Bank AG is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade). EFG Bank AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

EFG Bank AG is headquartered in Zürich.

Address
Bahnhofstrasse 16, 8022, Zürich, Switzerland
P.O. Box
2255
Phone
044 226 17 17
Fax
044 226 17 26
BIC (SWIFT)
EFGBCHZZXXX
Company Number
CHE-105.956.745
Founded
1969

Financial Positions

Total Assets (2016)
18 183.84 mln CHF  (+1.04%)
Assets Under Management (2015)
33 533.30 mln CHF  (-3.24%)

In 2016 total assets of EFG Bank AG were 18 183.84 mln CHF. Growth compared to the previous period (2015) was 1.04%. The evolution of the total assets of EFG Bank AG is shown at Chart 1 below.

Total Assets of EFG Bank AG. Chart 1. Total Assets of EFG Bank AG.

In 2015 assets under management of EFG Bank AG were 33 533.30 mln CHF. Decline compared to the previous period (2014) was -3.24%. The evolution of the assets under management of EFG Bank AG is shown at Chart 2 below.

Assets Under Management of EFG Bank AG. Chart 2. Assets Under Management of EFG Bank AG.

Profit and Loss

Gross Profit (2015)
31.20 mln CHF  (-69.32%)
Annual Profit (2015)
-10 700 000.00 CHF

In 2015 gross profit of EFG Bank AG was 31.20 mln CHF. Decline compared to the previous period (2014) was -69.32%. The evolution of the gross profit of EFG Bank AG is shown at Chart 3 below.

Gross Profit of EFG Bank AG. Chart 3. Gross Profit of EFG Bank AG.

Recent changes in gross profit of EFG Bank AG and its main components are shown in Table 1.

2014 2015 % change
Net Interest Income 158.6 84.7 -46.60%
Net Commission Income 116.6 84.4 -27.62%
Net Income from Trading Operations 66.3 90.6 +36.65%
Net Income from Banking Operations 360.7 280.3 -22.29%
Gross Profit 101.7 31.2 -69.32%
Table 1. Recent changes in gross profit of EFG Bank AG (mln CHF).

In 2015 annual profit of EFG Bank AG was -10 700 000.00 CHF. Decline compared to the previous period (2014) was -156.91%. The evolution of the annual profit of EFG Bank AG is shown at Chart 4 below.

Annual Profit of EFG Bank AG. Chart 4. Annual Profit of EFG Bank AG.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2016)
29th (market share 0.59%)

In 2016 EFG Bank AG was the 29th largest bank in Switzerland in terms of total assets, having 0.59% of market share.

Market share of EFG Bank AG Chart 5. Market share of EFG Bank AG

Several banks with market shares closest to EFG Bank AG are shown below.

RankNameTotal AssetsMarket Share
28 Bank J. Safra Sarasin AG20069.54 mln CHF0.65%
29 EFG Bank AG18183.84 mln CHF0.59%
30 Bank Coop AG16877.81 mln CHF0.55%
 

Credit Ratings (as of Apr 2016)

Fitch Moody's
A (high credit quality) Aa3 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. EFG Bank AG is rated by Fitch and Moody's.

Credit ratings assigned to EFG Bank AG as of April 2016 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for EFG Bank AG it is set to A (high credit quality), outlook is negative (may be lowered). The rating is on watch (there is a heightened probability of a rating change). Short-term issuer default rating for EFG Bank AG is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A
    Outlook  negative
    On Watch  Yes
Short-Term Issuer Default Rating  F1
Viability Rating  a
Support Rating  5
Support Rating Floor  NF

Viability rating for EFG Bank AG is set to a (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for EFG Bank AG it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Bank financial strength rating is a3. Short-term rating is not assigned.

Long-Term Rating  Aa3
Long-Term Bank Deposit Rating  Aa3
Bank Financial Strength Rating  a3
Short-Term Rating  -
Outlook  ratings under review

Outlook for the ratings of EFG Bank AG is set to ratings under review (an issuer has one or more ratings under review, and thus overrides the outlook designation).

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 EFG Bank 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 EFG Bank AG and its components are shown in the table below.

BIC  EFGBCHZZXXX
Bank BIC Code  EFGB
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-105.956.745

European Presence: 6 banks in 6 countries

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

Cayman Islands

Cyprus

Greece

Luxembourg

Monaco

Switzerland

  •  (this bank) EFG Bank AG (Zürich)