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February 09, 2016 1:58 PM ET


Company Overview of Migros Bank AG

Company Overview

Migros Bank AG provides various banking products and services to private, business, and individual customers. The company offers private, premium, youth start, current, savings, vested benefits, and rental security deposit accounts, as well as fixed deposits, medium-term notes, and provident funds. It also provides fixed-rate, libor, and variable rate mortgage products, as well as construction loans; consumer credit, fixed advance, variable, and solid loan products; overdraft facilities; and equipment leasing services. In addition, the company offers fund structured products, metal accounts, call and hard money products, and e-banking services; and Maestro, credit, prepaid, and account cards...

Seidengasse 12

Zurich,  8001


Founded in 1958

1,334 Employees

Key Executives for Migros Bank AG

President of Executive Board
Head of Finances and Member of Extended Executive Board
Vice-President of Executive Board and Head of Logistics
Head of Private & Corporate Customers and Member of Executive Board
Head of Premium Banking Segment and Member of Executive Board
Compensation as of Fiscal Year 2015.

Migros Bank AG Key Developments

Migros Bank Reports Earnings Results for the Full Year 2014

Migros Bank reported earnings results for the full year 2014. For the period, the company reported net profit soared 29.4% to CHF 225.2 million (USD 260.1 million/EUR 224.2 million), boosted by higher earnings and because the bank did not set aside provisions for general bank risks. Operating profit climbed by 3% to CHF 613.6 million.

Migros Bank Announces Earnings Results for the First Half Ended June 2014

Migros Bank announced earnings results for the first half ended June 2014. For the period, the bank reported a 4.8% increase in its gross profit to CHF 163.8 million. Operating profit jumped 9.1% to CHF 142.3 million, while commission income rose 1.6% to CHF 40.9 million.

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