Annual Report
Key figures and milestones of the 2024 financial year
We are pursuing a business policy geared towards continuity. Our priorities are the universal banking model, the high security and stability of the bank and proximity to our customers.
In the 2024 financial year, Zürcher Kantonalbank generated very pleasing consolidated profit before taxes totalling CHF 1,289 million. The canton and municipalities participate more than ever in the profit with CHF 562 million.
Zürcher Kantonalbank is the second-largest universal bank and the largest cantonal bank in Switzerland. We have successfully positioned ourselves as a universal bank with a regional base as well as a domestic and international network.
With a market penetration of 50 percent, we are the number one for retail and corporate clients in the Greater Zurich Area. We fulfil our increased economic responsibility throughout Switzerland and are a strong partner for large companies as well as private and institutional investors. We are one of the safest banks in the world – as confirmed by top marks from leading rating agencies.
Zürcher Kantonalbank is an autonomous public-law institution of the Canton of Zurich and benefits from a state guarantee. Through our public service mandate, we are committed to the well-being of society and the environment – and have been for over 150 years. We uphold our values: responsible, inspiring and passionate.
Consolidated profit before taxes
Group rating
Participation canton and municipalities
Dividend for the canton
OECD minimum tax to the canton
Dividend to cover actual costs to canton
Compensation for state guarantee
Dividend for municipalities
Employees
6,607 people work in over 5,779 full-time positions. With 430 apprenticeships, we are one of the largest providers of vocational training in the Canton of Zurich.
Expenses
In 2024 we spent CHF 140 million for the public service mandate.