St.Galler Kantonalbank
| St.Galler Kantonalbank | |
|---|---|
|
|
| Country |
 Switzerland
|
| Seat | St. Gallen |
| legal form | Corporation |
| ISIN | CH0011484067 |
| IID | 781 |
| BIC | KBSGCH22XXX |
| founding | 1868 |
| Website | www.sgkb.ch |
| Business data | |
| Total assets | 38,817 million CHF ( June 30, 2020 ) |
| Employee | 1,282 (June 30, 2020) |
| Offices | 38 |
| management | |
| Corporate management |
Roland Ledergerber |
The St.Galler Kantonalbank is the cantonal bank of the Canton of St. Gallen . With total assets of CHF 35.9 billion and over 1,200 employees (as of 2019), it is one of the larger cantonal banks in Switzerland .
Field of activity
As a universal bank, the St.Galler Kantonalbank is mainly active in standardized basic banking services, real estate financing, corporate financing and private banking. In addition to its 38 locations in the canton of St. Gallen, the bank has two locations in the canton of Appenzell Ausserrhoden and one in Zurich . It also has a subsidiary, St.Galler Kantonalbank Deutschland AG, in Munich and Frankfurt am Main . The foreign units are licensed in their respective home countries and operate exclusively in the asset management business.
history
The St.Galler Kantonalbank was founded in 1868 as a public-law institution based in St. Gallen. From 1973 to 1991 Hans Hurni was the central president of the bank. After the revised Cantonal Bank Act came into force in 1999, the St.Galler Kantonalbank was converted into a stock corporation in 2000 and the previous name of the St. Gallische Kantonalbank was changed to St.Galler Kantonalbank. In 2001 the company was partially privatized and went public on the SIX Swiss Exchange . The canton holds 51 percent of the shares.
In 2002, Hyposwiss Privatbank AG in Zurich was purchased and with it the geographic expansion beyond the actual core area of the cantons of St. Gallen and Appenzell Ausserrhoden. In 2003, the takeover of Bank Thorbecke AG in St. Gallen followed, which was subsequently integrated into the St.Galler Kantonalbank. In 2008, St.Galler Kantonalbank took over the Geneva-based private bank Anglo Irish Bank (Suisse) SA with its offices in Geneva , Lisbon and Porto and renamed it Hyposwiss Private Bank Genève SA . Since May 2009 the St.Galler Kantonalbank has been represented by a wholly-owned subsidiary in Munich .
In order to be able to work in its most important foreign market, Germany, the St.Galler Kantonalbank has been represented since 2009 with a wholly-owned subsidiary St.Galler Kantonalbank Deutschland AG based in Munich . In 2011 another branch was opened in Frankfurt am Main .
In 2013, the St.Galler Kantonalbank decided to focus its strategy and concentrate on the home market of Eastern Switzerland as well as the markets in the rest of Switzerland and Germany. As part of this focus, she sold the cross-border asset management business with Eastern Europe and Latin America to the Swiss private banks Falcon Private Bank Ltd. or to Banque Privée Espirito Santo Falcon Privatbank. It also sold its subsidiary Hyposwiss Private Bank Genève SA to the asset management company Mirelis Trust SA, part of the Mirelis Financial Group, which has been based in Geneva since 1949. The acquired bank will continue to operate under the previous name Hyposwiss Private Bank Genève SA.
In 2018 the St.Galler Kantonalbank celebrated its 150th anniversary. With 7 million francs, it supported 39 projects that create new perspectives and ideas and enrich living together in their region.
In 2019, the St. Galler Kantonalbank completed a capital increase . 420,240 registered shares (including 204,115 to existing shareholders) were issued at a price of 420 francs, which strengthened the bank's equity base by over 176 million francs. There are also plans for 2019 to increase the nominal value of the share by CHF 10 to CHF 80 per share.
State guarantee and rating
The St.Galler Kantonalbank has a state guarantee and is rated Aa1 by the rating agency Moody's . In the Cantonal Council of the Canton of St. Gallen more extensive privatization and related cancellation of the state guarantee was discussed. At the beginning of June 2013, however, the Cantonal Council decided to keep the state guarantee and majority shareholding of the canton unchanged.
Starting field diamond
The Startfeld Diamant young entrepreneur prize, endowed with 50,000 francs , has been awarded to innovative companies by the St.Galler Kantonalbank since 2012. The leading SME bank in the region supports and promotes a total of five companies in close cooperation with Startfeld with advice, training and prize money totaling 50,000 francs. But even more important is the access to a broad knowledge and contact network throughout Eastern Switzerland, which the start-up companies gain through this.
Key figures
- Net profit as of June 30, 2020 (in CHF million): 83.6
- Balance sheet total as of June 30, 2020 (in CHF million): 38,817
- Loans to customers on June 30, 2020 (in CHF million): 27,432
- Equity as of June 30, 2020 (in CHF million): 2,542
- Assets under management as of June 30, 2020 (in CHF million): 45,842
- Managed assets = customer deposits (obligations to customers in the form of savings and investments and other obligations to customers), medium-term notes and custody assets (assets under management). It does not include custody assets (= assets that are only held for transaction and storage purposes and for which the bank does not offer advice on investment options).
- As of December 31, 2019, the double counting for self-issued funds in Global Custody Depots at third-party banks was adjusted by CHF 584.8 million. The reported assets under management were reduced by this amount.
- Employees (converted to full-time positions), as of June 30, 2020: 1,282
- Average inventory: 1,107
- Offices: 38
Current letter to shareholders
Web links
- Website of the St.Galler Kantonalbank
- Website of the St.Galler Kantonalbank in Munich
- Early documents and newspaper articles on the St.Galler Kantonalbank in the 20th century press kit of the ZBW - Leibniz Information Center for Economics .
Individual evidence
- ↑ a b Entry in the bank master of Swiss Interbank Clearing
- ↑ a b Letter to shareholders for the 2020 semester financial statements
- ↑ St. Galler Kantonalbank: Capital increase successfully completed finews, accessed on July 21, 2019
- ↑ Letter to shareholders, 1st semester 2013 ( Memento from October 9, 2013 in the Internet Archive )
- ↑ Startfeld Diamant: The Young Entrepreneur Award . sgkb.ch. Retrieved November 3, 2019.
Coordinates: 47 ° 25 '22.3 " N , 9 ° 22' 20.3" E ; CH1903: 745,896 / 254249
Association of Swiss Cantonal Banks
Aargauische Kantonalbank (AKB) | Appenzell-Ausserrhodische Kantonalbank (former) | Appenzeller Kantonalbank (APPKB) | Banca dello Stato del Cantone Ticino (BancaStato) | Banque Cantonale de Genève (BCGE) | Banque Cantonale du Jura (BCJ) | Banque Cantonale Neuchâteloise (BCN) | Banque Cantonale Vaudoise (BCV) | Basler Kantonalbank (BKB) | Basellandschaftliche Kantonalbank (BLKB) | Berner Kantonalbank (BEKB) | Freiburger Kantonalbank (FKB / BCF) | Glarner Kantonalbank (GLKB) | Graubündner Kantonalbank (GKB) | Lucerne Cantonal Bank (LUKB) | Nidwaldner Kantonalbank (NKB) | Obwaldner Kantonalbank (OKB) | Schaffhauser Kantonalbank (SHKB) | Schwyzer Kantonalbank (SZKB) | St.Galler Kantonalbank (SGKB) | Solothurner Kantonalbank (former) | Thurgauer Kantonalbank (TKB) | Urner Kantonalbank (UKB) | Walliser Kantonalbank (BCVS) | Zuger Kantonalbank (ZugerKB) | Zürcher Kantonalbank (ZKB)