Native name | (in German) Migros Bank (in French) Banque Migros (in Italian) Banca Migros |
---|---|
Industry | Banking |
Founded | 1958[1] |
Founder | Gottlieb Duttweiler [1] |
Headquarters | , |
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 |
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]
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]
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