EFG Bank AG provides private banking services to individuals and institutions.
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.
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.
|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.
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.
Chart 2. Assets Under Management of EFG Bank AG.
|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.
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.
|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%|
|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.
Chart 4. Annual Profit of EFG Bank AG.
|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.
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|
|Short-Term Issuer Default Rating||F1|
|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).
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 Bank Deposit Rating||Aa3|
|Bank Financial Strength Rating||a3|
|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).
|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)|
|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 EFG Bank AG and its components are shown in the table below.
|Bank BIC Code||EFGB|
|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.