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Last $355.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
SGKBF On Other Exchanges
SIX Swiss Ex
As of 4:30 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

st galler kantonalbank a-reg (SGKBF) Snapshot

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st galler kantonalbank a-reg (SGKBF) Details

St. Galler Kantonalbank AG, a cantonal bank, provides banking services to the local population, and the small and middle-sized companies in the Cantons of St. Gallen and Appenzell Ausserrhoden. It offers asset management services; and financial planning services, such as retirement planning, wealth tax advisory, and succession planning services, as well as e-banking services. The company is also involved in the investment business for private banking and institutional clients; and provision of wealth management solutions. The company was formerly known as St. Gallische Kantonalbank and changed its name to St. Galler Kantonalbank AG in 2000. The company was founded in 1868 and is based in St. Gallen, Switzerland.

Founded in 1868

st galler kantonalbank a-reg (SGKBF) Top Compensated Officers

Chairman of the Management Board, Chief Execu...
Total Annual Compensation: SFr.725.0K
Compensation as of Fiscal Year 2014.

st galler kantonalbank a-reg (SGKBF) Key Developments

U.S. Department of Justice Reaches Deal with St. Galler Kantonalbank on Tax Evasion

St. Galler Kantonalbank said that it agreed to pay the U.S. Department of Justice (DOJ) about $9.5 million under the regulator's program to allow Swiss banks to avoid prosecution over tax-related offenses. The DOJ announced the same day that the bank helped its U.S. customers hide assets and income from the IRS with code-named or numbered accounts and hold mail services and held about $303 million in 626 U.S.-related accounts since Aug. 1, 2008. As part of the agreement, the bank also signed a non-prosecution agreement with the department. The DOJ announced that St. Galler Kantonalbank took steps to stop tax evasion in August 2008 but gave certain executives the ability to make exceptions to the policy. Between late October 2008 and December 2008, at least 72 accounts with about $150 million in assets were opened at a unit of the bank, most as part of a previous transfer agreement with UBS Group AG.

St.Galler Kantonalbank Reports Consolidated Earnings Results for the First Six Months Ended June 30, 2015

St.Galler Kantonalbank reported consolidated earnings results for the first six months ended June 30, 2015. For the six months, the company's profit was CHF 84.60 million, or CHF 15.22 per share, compared to CHF 73.23 million, or CHF 13.18 per share, for the same period ended June 30, 2014. Net result from interest operations was CHF 139.06 million, compared to CHF 145.42 million for the same period ended June 30, 2014. Operating result was CHF 84 million, compared to CHF 90.50 million for the same period ended June 30, 2014.

St.Galler Kantonalbank AG, H1 2015 Earnings Call, Aug 11, 2015

St.Galler Kantonalbank AG, H1 2015 Earnings Call, Aug 11, 2015


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