Bank CIC Switzerland
Origin of Bank CIC Switzerland
Bank CIC was established 1909 in Basel. The bank has nine offices in Switzerland, in Basel, Fribourg, Geneva, Lausanne, Lugano, Neuchâtel, Sion, St. Gallen and Zurich. Bank CIC (Switzerland) Ltd is part of the Crédit Mutuel-CIC Group. The French financial Group Crédit Mutuel-CIC is one of the best-capitalized banks in Europe.
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Philosophy and Strategy
Bank CIC’s strengths are typically Swiss, financially stable, has a holistic approach, offers solutions tailor-made to the client, has a short decision-making process, has an entrepreneurial mind and has the perfect level of flexibility. The bank wants to have a long-term relationship with their clients.
Bank CIC has a strong national presence, acts locally and benefits from an international solution competence. The clients of Bank CIC are private individuals, companies, and entrepreneurs. The affiliation with the CIC Group ensures the customer access to an international network. Bank CIC has stable shareholders and has a transparent ownership structure. This structure is a guarantee for security, reliability, and continuity.
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Services and Solutions
For private individuals, Bank CIC offers different services, like payments, savings, investments, financing, and retirement.
Payments include accounts & cards and payment transactions which can be done 24/7 through the e-banking.
Savings can be done through investment accounts or savings accounts.
Investments are managed with the individual investment advice and the broad range of flexible investment solutions of Bank CIC’s experts. The investment solutions can be a discretionary mandate, advisory mandate, basic consultancy or execution-only with no advice. Investment products are apart from the initial investments like equity and bonds, investment funds, structured products, alternative investments, foreign exchange and money market.
Financing includes loans, real-estate funding, and aviation financing. Loans are primarily in the form of Lombard Loans. Loans which are guaranteed by pledged assets.
Retirement includes the financial planning, for future generations, pension analysis, and retirement accounts.
For businesses Bank CIC offers payments, financing, investments and corporate financing.
Financing includes aviation financing, trade financing, factoring, working capital financing, real-estate financing, investment financing and Lombard loans.
Investments are tailored to the company business plan and allow the business to manage free liquidity. Bank CIC offers investment solutions, foreign currency transactions, money market investments, investment accounts and structured products.
Corporate Finance covers mergers & acquisitions, private equity, structured financing, company valuations and succession planning.
Bank CIC pursues a cautious and moderate risk policy. The Board of Directors is responsible for establishing the risk policy. On a quarterly basis, a risk report is issued and presented to the Board. To analyze the risk the management and the specific departments are included. The risk policy is reviewed yearly for its adequacy, and the Board of Directors determines the risk limits.
The risks are the market risk, the liquidity risk, the credit risk, the operational risk, the compliance and legal risk and the reputation risk. The two significant sources of risk are the credit risk and the interest rate risk. The two primary drivers of the credit risk are rising interest rates and falling real estate prices. The interest rate risk will be managed through asset liability management and hedging. The bank uses derivatives for their account and the client’s accounts for hedging purposes. These can be over the counter transactions (OTC) or exchange-traded transactions.
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In 2017 Bank CIC could increase their assets under management by 14.2% and showed a net profit of 23.4 million CHF. The profit increased for the seventh time in a row. The volume of credit reached 6.7 bn CHF.
Bank CIC’s earnings structure is as follows:
69% interest income
20% fee and commission income
8% trading income
3% other income
The Crédit Mutuel Group, to which Bank CIC belongs, showed a net profit of EUR 3.05 bn in 2017. They have 31.6 million customers and have EUR 771.6 bn assets under management. They have 82’177 employees.
Bank CIC issues a weekly market report, which focuses on macro data releases, company data releases, and the outlook for the markets. Quarterly, Bank CIC publishes a report called CIC perspectives, featuring an overview of the key markets, personal opinions, and economic views.
Part of the tradition of Bank CIC is social engagement. The bank supports social institutions and promotes projects in sport and culture. The importance is a long-term commitment. Some of the projects are Young Stage, an international circus festival in Basel, Swiss Alzheimer Association and Swiss National Association of and for the Blind.
Bank CIC Switzerland – Facts & Figures
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|Address||Marktplatz 13, 4001 Basel|
|Phone||+41 61 264 12 00|
|Year of foundation||1909|
|No. of employees||433|
|CEO||Thomas K. Müller|
|Eligible Regulatory Capital||782.904 m CHF|
|Tier 1 Ratio||11.50 %|
|Leverage Exposure||13.603 bn CHF|
|Leverage Ratio||4.60 %|
|Liquidity Coverage Ratio||244 %|
|Risk Weighted Assets||5.454 bn CHF|
|Loans outstanding||9.391 bn CHF|
|Assets under Management||–|
|Assets under Management / Employees||–|
|Net profit||35.732 m CHF|
|Net Profit / Employees||85’521 CHF|
|Cost / Income Cost Ratio (CIR)||65.49 %|
|Return on Equity||6.64 %|
|Own structured products||No|
Source: Annual Report 2021
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