Basler Kantonalbank

Basler Kantonalbank (Basel Cantonal Bank) is a Swiss cantonal bank that is one of the 24 cantonal banks serving Switzerland's 26 cantons. Founded in 1899, in 2019 Basler Kantonalbank had 15 branches with 842 employees; the total assets of the bank were CHF 27.305 billion. Basler Kantonalbank has a full state guarantee of its liabilities.[1]

Basler Kantonalbank
ISINCH0009236461 Edit this on Wikidata
IndustryFinancial service activities, except insurance and pension funding Edit this on Wikidata
Founded1899
Headquarters
Basel Edit this on Wikidata
,
Switzerland Edit this on Wikidata
ServicesBanking
160.09 mln CHF (2017)[1]
Total assets24085 mln CHF (2017)[1]
Number of employees
1284 (2015)[1]
Websitebkb.ch

History

Since 1999, it has had a majority ownership of Bank Cler (former Coop Bank).

In October 2012 the bank's CEO, Hans Rudolf Matter, resigned after 620 clients lost more than CHF 100 million in a scandal involving ASE investments. Eventually the number of affected clients grew to about 1,500.[2]

In 2013, Chairman Andreas Albrecht was forced to resign following the Swiss Financial Market Supervisory Authority (FINMA) determined that the bank had rigged sales of its own participation certificates. On 21 November 2013, BKB was ordered to pay back CHF 2.6 million ($2.9 million) that it had earned through these improper sales.[3]

Organization

The highest governing body of Basler Kantonalbank is the Bank Council. This council has 9 members, with Adrian Bult as the current president. Operational responsibility lies with the executive Board, which has six members and is currently headed by Basil Heeb ([Chief Executive Officer]).

See also

References
  1. Bank Profile: Basler Kantonalbank
  2. Stalder, Philippe (23 March 2015). "Die kriminellste Gemeinde der Schweiz". Tages Anzeiger.
  3. "Basel cantonal bank chairman resigns over scandal". Swiss info.ch. 29 November 2013.

47.5527°N 7.5934°E / 47.5527; 7.5934

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