Established in 1984, Fibi Bank (Schweiz) AG is specialized in providing offshore private banking and asset management products and services. In 2017, Fibi Bank (Schweiz) decided to discontinue all private banking activities; most of the private banking business of Fibi Bank (Schweiz) was transferred to CBH Compagnie Bancaire Helvétique SA. Current activities of Fibi Bank (Schweiz) are limited to management and settlement of its rights and obligations in connection with its former financial services activities as well as the management of its own assets.
Fibi Bank (Schweiz) AG was the 205th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 271,10 mln CHF, providing the bank with the market share of 0.01%. Fibi Bank (Schweiz) AG was the 63rd largest foreign-controlled bank in Switzerland (out of 81 foreign-controlled banks) having market share of 0.11% amongst the banks of this category. Fibi Bank (Schweiz) AG had 32 employees in 2016.
Fibi Bank (Schweiz) AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
Fibi Bank (Schweiz) AG was headquartered in Zürich.
| Total Assets (2016) |
|---|
| 271.10 mln CHF (-9.15%) |
| Assets Under Management (2016) |
| 889.40 mln CHF (-2.90%) |
In 2016 total assets of Fibi Bank (Schweiz) AG were 271.10 mln CHF. Decline compared to the previous period (2015) was -9.15%. The evolution of the total assets of Fibi Bank (Schweiz) AG is shown at Chart 1 below.
Chart 1. Total Assets of Fibi Bank (Schweiz) AG.
In 2016 assets under management of Fibi Bank (Schweiz) AG were 889.40 mln CHF. Decline compared to the previous period (2015) was -2.90%. The evolution of the assets under management of Fibi Bank (Schweiz) AG is shown at Chart 2 below.
Chart 2. Assets Under Management of Fibi Bank (Schweiz) AG.
| Gross Profit (2016) |
|---|
| -11 200 000.00 CHF |
| Annual Profit (2016) |
| -3 200 000.00 CHF |
In 2016 gross profit of Fibi Bank (Schweiz) AG was -11 200 000.00 CHF. Decline compared to the previous period (2015) was -1 500.00%. The evolution of the gross profit of Fibi Bank (Schweiz) AG is shown at Chart 3 below.
Chart 3. Gross Profit of Fibi Bank (Schweiz) AG.
Recent changes in gross profit of Fibi Bank (Schweiz) AG and its main components are shown in Table 1.
| 2015 | 2016 | % change | |
|---|---|---|---|
| Net Interest Income | 2.7 | 2.3 | -14.81% |
| Net Commission Income | 4.7 | 3.7 | -21.28% |
| Net Income from Trading Operations | 1.3 | 1.4 | +7.69% |
| Net Income from Banking Operations | 10.0 | 8.0 | -20.00% |
| Gross Profit | 0.8 | -11.2 | |
| Table 1. Recent changes in gross profit of Fibi Bank (Schweiz) AG (mln CHF). | |||
In 2016 annual profit of Fibi Bank (Schweiz) AG was -3 200 000.00 CHF. Decline compared to the previous period (2015) was -1 166.67%. The evolution of the annual profit of Fibi Bank (Schweiz) AG is shown at Chart 4 below.
Chart 4. Annual Profit of Fibi Bank (Schweiz) AG.
| Number of Employees (2016) |
|---|
| 32 (-5.88%) |
In 2016 there were 32 employees of Fibi Bank (Schweiz) AG. Decline compared to the previous period (2015) was -5.88%. The evolution of the number of employees of Fibi Bank (Schweiz) AG is shown at Chart 5 below.
Chart 5. Number of Employees of Fibi Bank (Schweiz) AG.
| Total Assets (2016) |
|---|
| 205th (market share 0.01%) |
In 2016 Fibi Bank (Schweiz) AG was ranked the 205th largest bank in Switzerland in terms of total assets, having 0.01% of the domestic market share.
Chart 6. Market share of Fibi Bank (Schweiz) AG (among banks in Switzerland)
Several banks having the market shares and ranks closest to Fibi Bank (Schweiz) AG are shown below.
| Rank | Name | Total Assets | Market Share |
|---|---|---|---|
| 204 |  Freie Gemeinschaftsbank Genossenschaft | 271.93 mln CHF | 0.01% |
| 205 |  Fibi Bank (Schweiz) AG (closed) | 271.10 mln CHF | 0.01% |
| 206 |  Ersparniskasse Affoltern i.E. AG | 258.41 mln CHF | 0.01% |
| Total Assets (2016) |
|---|
| 63rd (market share 0.11%) |
In 2016 Fibi Bank (Schweiz) AG was ranked the 63rd largest foreign-controlled bank in Switzerland in terms of total assets, having 0.11% of the category's market share.
Chart 7. Market share of Fibi Bank (Schweiz) AG (among Foreign-controlled banks in Switzerland)
Several foreign-controlled banks having the market shares and ranks closest to Fibi Bank (Schweiz) AG are shown below.
| Rank | Name | Total Assets | Market Share |
|---|---|---|---|
| 62 |  ODDO BHF (Schweiz) AG | 274.57 mln CHF | 0.11% |
| 63 | Fibi Bank (Schweiz) AG (closed) | 271.10 mln CHF | 0.11% |
| 64 |  Investec Bank (Switzerland) AG | 251.27 mln CHF | 0.10% |
| 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 Fibi Bank (Schweiz) 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 |
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 Fibi Bank (Schweiz) AG and its components are shown in the table below.
| BIC | FIRBCHZZXXX |
| Bank BIC Code | FIRB |
| Country Code | CH (Switzerland) |
| Location Code | ZZ |
| Branch Code | XXX |
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-103.639.133 |
