Migros Bank
Swiss bank
From Wikipedia, the free encyclopedia
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]
Native name
(in German) Migros Bank(in French) Banque Migros
(in Italian) Banca Migros
IndustryBanking
Founded1958[1]
FounderGottlieb Duttweiler[1]
| |
Native name | (in German) Migros Bank (in French) Banque Migros (in Italian) Banca Migros |
|---|---|
| Industry | Banking |
| Founded | 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 |
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]
