Annual Report
Key figures and milestones of the 2024 financial year
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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.
Key Figures
CHF 1.289 billion
Consolidated profit before taxes
AAA
Aaa
Group rating
CHF 562 million
Participation canton and municipalities
CHF 184 million
Dividend for the canton
CHF 156 million
OECD minimum tax to the canton
CHF 21 million
Dividend to cover actual costs to canton
CHF 31 million
Compensation for state guarantee
CHF 170 million
Dividend for municipalities
6,607
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.
CHF 140 million
Expenses
In 2024 we spent CHF 140 million for the public service mandate.