Migros Bank

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Migros Bank
Native name
(in German) Migros Bank
(in French) Banque Migros
(in Italian) Banca Migros
Industry Banking
Founded1958;67 years ago (1958) [1]
Founder Gottlieb Duttweiler [1]
Headquarters
Zurich
,
Switzerland
226 million CHF (2015) [2]
Total assets 42.2 billion CHF (2015) [2]
Total equity 3.4 billion CHF (2015) [2]
Owner Federation of Migros Cooperatives [3]
Number of employees
1,335 [3]
Website www.migrosbank.ch

Migros Bank is a Swiss bank founded in 1958 by Gottlieb Duttweiler and belongs to the Federation of Migros Cooperatives. [1] It has 67 branches in Switzerland (20 new between 2008 and 2016). [3]

Contents

In 2015, it has a balance sheet of 42 billion Swiss francs and an income of 226 million. [3] [2]

In April 2020, Migros Bank agreed to pay German justice authorities around 2.4 million euros to settle allegations that it allowed German clients to evade taxes. [4]

In 2022, Migros Bank's Chairman of the board of directors, Fabrice Zumbrunnen, announced that he would be stepping down from his position. [5]

See also

References

  1. 1 2 3 (in French) À props de nous, Migros Bank (page visited on 29 August 2016).
  2. 1 2 3 4 (in French) Rapport de gestion 2015, Migros Bank (page visited on 29 August 2016).
  3. 1 2 3 4 (in French) Swiss Telegraphic Agency, "La Banque Migros a poursuivi sa croissance l'an passé", Le temps , Tuesday 19 January 2016 (page visited on 29 August 2016).
  4. ↑ "Swiss Migros Bank settles German charges it aided tax dodgers". Reuters. 26 April 2021. Retrieved 28 April 2021.
  5. ↑ "Fabrice Zumbrunnen Steps Down As President of Migros General Management". ESM Magazine. Retrieved 9 January 2023.
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