COMMERZBANK Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich

Founded in 1870, Commerzbank is an international commercial bank with branches and offices in more than 50 countries. The core markets of Commerzbank are Germany and Poland. Commerzbank offers its products and services to private and corporate clients, as well as institutional investors.

Address
Utoquai 55, 8008, Zürich, Switzerland
Phone
044 563 69 00
Fax
044 563 69 01
Member of Group
 Commerzbank (Germany)
Bank Category
Branches of foreign banks
Start Date
2002
Total Assets (2015)
727.61 mln CHF  (+33.07%)
Number of Employees (2014)
99  (+13.37%)
Deposit Guarantee
100 000 CHF
BIC (SWIFT)
COBACHZHXXX
Company Number
CHE-109.979.521

Financial Positions

Total Assets (2015)
727.61 mln CHF  (+33.07%)
Assets Under Management (2014)
0.00 CHF

In 2015 total assets of COMMERZBANK Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich were 727.61 mln CHF. Growth compared to the previous period (2014) was 33.07%. The evolution of the total assets of COMMERZBANK Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich is shown at Chart 1 below.

Total Assets of COMMERZBANK Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich. Chart 1. Total Assets of COMMERZBANK Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich.

In 2014 assets under management of COMMERZBANK Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich were 0.00 CHF. The value didn't change compared to the previous period (2013).

Profit and Loss

Gross Profit (2014)
-13 300 000.00 CHF  (+30.39%)
Annual Profit (2014)
-14 500 000.00 CHF  (+28.32%)

In 2014 gross profit of COMMERZBANK Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich was -13 300 000.00 CHF. Growth compared to the previous period (2013) was 30.39%.

Recent changes in gross profit of COMMERZBANK Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich and its main components are shown in Table 1.

2013 2014 % change
Net Interest Income 1.3 2.8 +115.38%
Net Commission Income 14.1 15.0 +6.38%
Net Income from Trading Operations -0.9 1.3
Net Income from Banking Operations 14.1 20.2 +43.26%
Gross Profit -10.2 -13.3 +30.39%
Table 1. Recent changes in gross profit of COMMERZBANK Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich (mln CHF).

In 2014 annual profit of COMMERZBANK Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich was -14 500 000.00 CHF. Growth compared to the previous period (2013) was 28.32%.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2015)
138th (market share 0.02%)

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 COMMERZBANK Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich 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 COMMERZBANK Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich and its components are shown in the table below.

BIC  COBACHZHXXX
Bank BIC Code  COBA
Country Code  CH (Switzerland)
Location Code  ZH
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-109.979.521