Banque cantonale de Genève

The Banque cantonale de Genève (BCGE) is a cantonal bank of Switzerland.

Banque cantonale de Genève
Public (SWF:BCGE)
ISINCH0001642682 
IndustryBanking
Founded28 August 1953
HeadquartersCase postale 2251 1211 Genève 2 Switzerland
Key people
Blaise Goetschin, Chief Executive Officer[1]
Total assets17 491.40 mln CHF (2014) [2]
Number of employees
710 (2014) [2]
Websitehttps://www.bcge.ch

History

The Banque cantonale de Genève was founded in 1861. The BCGE was formed in its current form in 1994 through the merger of CEG Genève and Banque hypothécaire du Canton de Genève. BCGE offers services with emphasis on small and medium-sized companies. The bank also offers the traditional Swiss range of portfolio management services for private and institutional clients. Banque Cantonale de Genève had limited state guarantee of its liabilities (max. CHF 500,000 for savings, and max. CHF 1,500,000 for pension accounts) till the end of 2016.[2]

In 2013, the bank presented a clear improvement in its profitability and its managers agreed to be part of the American tax regularization program, aimed at helping the American justice department to investigate tax and banking fraud, by placing itself in the category 2 designating banks not incriminated by the justice of the United States but having American customers who therefore could have infringed American tax law.[3]

Companies (subsidiaries)
  • Anker Bank
  • Synchrony Asset Management
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See also

References
  1. "Le patron de la BCGE attend un petit point de croissance en 2015". tdg.ch. 24 February 2015.
  2. Bank Profile: Banque Cantonale de Genève
  3. "La BCV et la BCGE participent au programme US". Tribune de Genève (in French). ISSN 1010-2248. Retrieved 2020-05-12.
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