Swiss Bank Directory (www.swissmoney.net)

Banque Cantonale de Geneve

Postal address

PO Box 2251, 1211 Geneva 2

Street address

Quai de l'Ile 17, 1204 ? Geneva

Telephone

(41-22) 317-2727

Fax

(41-22) 317-2737

E-mail

Website

www.bcge.ch

Established

1816

Employees

784

Ownership

The canton of Geneva (49.8%/53.3%)

The city of Geneva (20.9%/23.7%)

44 local authorities in the canton (7.4%/9.2%)

Private shareholders (21.9%/13.9%)

Key personnel

Michel Mattacchini (Chairman)

Blaise Goetschin (CEO)

Auditors

Deloitte SA, Geneva

History

Created in 1994 through the merger of CEG Genève (establ. 1816) and Banque Hypothécaire du Canton de Genève (establ. 1847). Serves a mainly French-speaking and Protestant region in western Switzerland bordering France (capital: Geneva, or Genf in German). Liabilities covered by limited cantonal guarantee. Acquired Anker Bank, Zurich, in 1997. Bought the 20% of Banque Cantonale de Genève (France) SA, Lyon, it didn't already own from GPA-Vie in 1999. Rescued by cantonal government in 2000 after heavy losses in local real estate market. About Sfr5 billion of bad loans were transferred to special-purpose company to cleanse the balance sheet. Several former officials face prosecution. Absorbed Anker Bank in 2008.

Other offices

Offices throughout the canton

Annecy & Lyon (France), Lausanne, Zurich

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News Index, Notes

Last update: August 03, 2008