Thurgauer Kantonalbank

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  Thurgauer Kantonalbank
logo
Country SwitzerlandSwitzerland Switzerland
Seat Weinfelden
legal form public institution
ISIN CH0231351104
IID 784
BIC KBTGCH22XXX
founding 1871
Website www.tkb.ch
Business data 2019
Total assets 25.610 billion CHF
Employee 770
Offices 28 in the canton of Thurgau
management
Corporate management

Thomas Koller
(Chairman of the Management Board)
René Bock
( President of the Bank Council)

The Thurgauer Kantonalbank (TKB), based in Weinfelden, is the cantonal bank of the Canton of Thurgau . With total assets of over CHF 25 billion and over 700 employees, it is one of the larger banks in Switzerland.

TKB is a universal bank with a focus on standardized basic banking services, real estate finance, corporate finance and private banking . It operates 28 branches and over 70 ATMs throughout the canton. The bank has an unlimited state guarantee .

Organization and business operations

Thurgauer Kantonalbank looks after around 180,000 customers in the segments of private customers , private banking (assets from CHF 500,000) and corporate customers . It is not active in investment banking or in the production of its own funds or structured products.

The supreme body of TKB is the Bankrat , which is elected every four years by the Grand Council and is currently chaired by René Bock . The board of directors is roughly equivalent to a board of directors in a stock corporation and has nine members. The management is responsible for the operational management of TKB. It is elected by the board of directors and consists of five people who each lead a business area. The chairman of the management is Thomas Koller.

The bank is divided into five business areas:

  • Private customers
  • Business customers
  • Market services
  • Services
  • Finance & Risk

Bank management comprises various central units such as human resources and corporate development. The bank management is subordinate to the chairman of the management.

At the end of 2012, TKB had a market share of around 40% in the canton of Thurgau in terms of both mortgages and savings and investment funds and is one of the ten largest cantonal banks in Switzerland based on total assets.

history

TKB branch in Frauenfeld
Blank of a bond from the Thurgauische Kantonalbank, issued around 1880

The history of the Thurgauer Kantonalbank begins in 1869 when the Thurgau electorate adopted the new cantonal constitution. This constitution included an article on the Cantonal Bank for the first time. In April 1870 the first Cantonal Bank Law was passed. However, it took more than a year until the cantonal bank was founded, during which, above all, questions regarding the location of the new bank had to be clarified. The Grand Council of the Canton of Thurgau finally decided in favor of Weinfelden with just one vote ahead of Romanshorn .

On May 1, 1871, the Thurgauische Kantonalbank was officially opened. The bank survived the economic crises in Thurgau of 1877 and 1912 and the First World War largely unscathed. By 1930, the bank even rose to become the fourth largest cantonal bank in Switzerland. The bank also survived the Second World War, among other things by taking on war economic tasks.

In 1964, the new banking law in Thurgau was adopted by the electorate. The cantonal bank was now allowed to operate all different banking transactions and developed into a universal bank.

In 1989, which was finally Thurgauische Kantonalbank in Thurgau Kantonalbank renamed.

Mainly for marketing reasons, the Thurgauer Kantonalbank decided on April 7, 2014 to place participation certificates on the stock exchange through an IPO . The canton made available 50 million francs of the share capital or 12.5%. The offer was oversubscribed several times and generated revenue of 185 million francs, all of which went to the Canton of Thurgau. As part of a secondary placement, a further 30 million share capital was converted into PS capital in June 2015 and placed on the market. Even after the secondary placement, the majority owner of the bank will remain with the Canton of Thurgau: It will provide CHF 320 million in share capital (80% of the company's capital).

In 2017, all shares in the Swiss National Bank were sold.

The TKB uses the core banking system from Avaloq . The bank has also been using the Avaloq e-banking solution since the end of 2019 .

Web links

Individual evidence

  1. ↑ a b Entry in the bank master of Swiss Interbank Clearing
  2. ↑ Thurgauer Kantonalbank (Ed.): Offer and listing prospectus for participation certificates of Thurgauer Kantonalbank . March 21, 2014.
  3. ↑ Thurgauer Kantonalbank goes public. (No longer available online.) In: Thurgauer Zeitung (online). March 24, 2014, formerly in the original ; accessed on May 15, 2014 .  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / www.thurgauerzeitung.ch  
  4. ↑ TKB share certificates are in demand. In: Thurgauer Zeitung (online). April 7, 2014, accessed May 15, 2014 .
  5. ↑ TKB PS capital fully placed. In: Thurgauer Zeitung (online). April 16, 2014, accessed May 15, 2014 .
  6. ^ Michael Heim: National bank asks cantonal banks for loyalty. In: handelszeitung.ch . April 18, 2019, accessed April 19, 2019 .
  7. ↑ Thurgauer Kantonalbank switches from Crealogix to Avaloq in e-banking In: cash.ch, December 27, 2017, accessed on December 28, 2017

Coordinates: 47 ° 33 '56.9 "  N , 9 ° 6' 32.2"  E ; CH1903:  725 690  /  269 683