Glarner Kantonalbank

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  Glarner Kantonalbank
logo
Country SwitzerlandSwitzerland Switzerland
Seat Glarus
legal form special legal stock corporation
IID 773
BIC GLKBCH22XXX
founding 1884
Website www.glkb.ch
Business data 2019
Total assets 6,404 million CHF
Employee 208
Offices 6 branches
management
Corporate management

Hanspeter Rhyner
(Chairman of the Management Board )
Martin Leutenegger
( Chairman of the Board of Directors )

The Glarner Kantonalbank , based in Glarus, is the cantonal bank of the Canton of Glarus . It was founded in 1884 and is organized in the form of a special legal stock company . The bank has six branches in the canton and employs a total of around 291 people (including 16 apprentices and hourly wage employees, GLKB annual report 2016). At the end of 2017, the Glarner Kantonalbank had total assets of around 5.64 billion Swiss francs. In 2008, the bank posted a loss of 56 million Swiss francs between 2004 and 2007 due to a failed expansion strategy by the management team at the time. The canton then had to increase the bank's capital to a total of 80 million francs. The Glarner Kantonalbank has recovered well from this crisis and at the end of 2012 had an equity coverage ratio of over 200 percent. In 2012, the Glarner Kantonalbank launched an online mortgage with hypomat.ch . On this platform, homeowners from all over German-speaking Switzerland can redeem their existing first-rate mortgages online.

Branches

In addition to the headquarters in Glarus, there are branches in Niederurnen, Näfels, Netstal, Schwanden and Linthal, but not in the Glarner Sernftal , which is traditionally served by the Glarner Regionalbank AG .

ATMs

ATMs can also be found at 19 locations in Glarus, Bilten, Oberurnen, Näfels, Mollis, Netstal, Schwanden, Linthal and Braunwald.

Ownership and business areas

On May 11, 2010, the Glarner Kantonalbank was transformed from a public-law institution into a public limited company. Until the IPO in July 2014, it belonged to 100 percent, then the majority with 68.24 percent to the Canton of Glarus and, as a universal bank, conducts the usual banking business. In addition to the classic advice in the mortgage and savings business, the commercial lending business as well as asset advice and asset management have gained in importance. Like the vast majority of all cantonal banks, the Glarus Institute also has a so-called state guarantee . This means that the canton is liable for the bank's liabilities.

organization

The highest supervisory body of the Glarner Kantonalbank is the board of directors. This consists of 7 members and is currently chaired by Martin Leutenegger. According to Art. 14 Para. 2 of the Law on the Glarner Kantonalbank, the government council (executive branch of the canton) must be represented by at least one member on the board of directors. The government council's representative is Rolf Widmer, Head of the Department of Finance and Health.

The operational management lies with the management. This consists of four members and is headed by Hanspeter Rhyner.

Key figures

Key figures as of December 31, 2019:

  • Annual profit (in CHF million): 25.2
  • Balance sheet total (in CHF million): 6,404
  • Offices: 6

Web links

Individual evidence

  1. ^ Entry of the "Glarner Kantonalbank" in the commercial register of the Canton of Glarus
  2. ↑ a b Entry in the bank master of Swiss Interbank Clearing
  3. ↑ Annual Report 2019 , Glarner Kantonalbank, accessed on March 30, 2020 (PDF; 1.9 MB).
  4. ↑ Law on the Glarner Kantonalbank (Cantonal Bank Law) of May 4, 2003
  5. ↑ [1]

Coordinates: 47 ° 2 '20.9 "  N , 9 ° 4' 5.8"  E ; CH1903:  723,847  /  211075