January 30, 2015 1:05 AM ET


Company Overview of Migros Bank AG

Company Overview

Migros Bank AG provides various banking products and services in Switzerland. The company offers private, premium, youth start, current, savings, investment savings, youth savings, gift savings, retirement savings, vested, and rental security deposit accounts, as well as fixed deposits, medium-term notes, and provident funds. It also provides personal, fixed advance, fixed, variable, mortgage, and construction loans, as well as equipment leasing services. In addition, the company offers Maestro, credit, prepaid, and account cards; investment funds, structured products, and metal accounts; asset management services; and e-banking services. Migros Bank AG provides its services through a networ...

Seidengasse 12

Zurich,  8001


Founded in 1958

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 2014.

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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