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Migros Bank

Migros Bank
Native name
(in German) Migros Bank
(in French) Banque Migros
(in Italian) Banca Migros
IndustryBanking
Founded1958; 66 years ago (1958)[1]
FounderGottlieb Duttweiler[1]
Headquarters
Zürich
,
Switzerland
226 million CHF (2015)[2]
Total assets42.2 billion CHF (2015)[2]
Total equity3.4 billion CHF (2015)[2]
OwnerFederation of Migros Cooperatives[3]
Number of employees
1,335[3]
Websitewww.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]

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. ^ a b c (in French) À props de nous, Migros Bank (page visited on 29 August 2016).
  2. ^ a b c d (in French) Rapport de gestion 2015, Migros Bank (page visited on 29 August 2016).
  3. ^ a b c d (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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