The inhabitants of zurich cantonal bank (ZKB) is an independent institute kantonal of the public right in the canton Zurich and third biggest Geldinstitut in Switzerland.

Beside a network of approx. 100 offices in the canton Zurich agencies also in addition to the regular duties are led. These predominantly serve the inhabitants in the rural area. Agencies so mentioned (in former times Einnehmereien called) are present in localities with 500 to 2000 inhabitants, who are not served by major banks for economical reasons.

History

1870 accepted the inhabitants of zurich cantonal bank their business activity. It was lifted with the canton condition valid to 2005 from 1869 from the baptism. Thus became already early in 19. Century matured idea of a peoplenear bank carries out. The banks financed with share capital (the later major banks) had concentrated during the industrialization on the profit-promising investments in industry and trade (for example on the building of railways). Mortgage credits and the bank needs of the workers, craftsmen and employees, as well as the agricultural, commercial and smaller industrial companies were generally neglected by them. Into this gap the ZKB should substitute as "“bank inhabitants of zurich of the people"”, and she did also and does it until today.

Ownership structure and business purpose

The inhabitants of zurich cantonal bank is in the possession of the canton. The ZKB fulfills a legal order for achievement. It is led after commercial principles and is to gain an appropriate profit. The framework of the business activity, the business purpose as well as the supervision and the organization of the bank organs are regulated in the law over the inhabitants of zurich cantonal bank.

To the legal orders belongs:

• the supply of the broad population with bank services
• the promotion of the low cost housing and the residential property
• the special consideration of the needs of the smaller and middle enterprises, the work-taking, the trade and the agriculture as well as the public bodies
• the support of a environmentalcompatible development in the canton Zurich

In addition under the public order for achievement the enterprise of the pledge borrowing cash of the canton Zurich falls. This institution grants interest-favorable Kleinstdarlehen starting from 10 Franconias. A possible deficit is carried of the ZKB.

State adhesion

The canton Zurich is responsible after the ZKB law for all commitments of the inhabitants of zurich cantonal bank, if their own means are not sufficient. This government guarantee serves Zurich as stabilizer for Finanzplatz, particularly in times of economic uncertainty. Not least therefore the ZKB is only Swiss bank with the Standard&Poors Rating: AAA.

Activity areas

An emphasis of the business activity of the inhabitants of zurich cantonal bank is the It promotes building activity particularly by assignment of Kleinsthypotheken and by loans at housing cooperatives. Projects, which pay attention to environmental compatibility, enjoy special conditions. When defining of the Hypothekarzinssatzes the inhabitants of zurich cantonal bank notice a special responsibility: In accordance with central bank statistics it is with its interest rates in the last years in all rule under the average interest charges of the domestic Hypothekaranlagen.

KMU credits

A network of small and middle enterprises (KMU) is of great importance for each national economy, since it usually creates over three quarters of all jobs. The ZKB grants, it to recent enterprises starting carries reorganization contributions out to in principle survivable enterprises and secures in such a way jobs.

Investment banking

Since 1995 the inhabitants of zurich developed themselves cantonal bank further also very successfully in the plant and precaution range and rank today with customer abilities of CHF 130 billion among the five largest trustees of Switzerland.

Emphasis environment

According to legal order the ZKB is obligated to notice a model function. She does this as follows:

• Consistent and lasting lowering of the own energy and resources consumption
• Offer of lasting investments
• Consideration of environmentalrelevant criteria with the granting of credit
• Promotion of particularly environmentalcompatible investments by environmental loans

Further achievements for the public

The ZKB interprets its order for achievement far. Thus it engages itself also in culture, sport, research or nature protection. Concrete examples are:

• the guidance of the SanArena Rettungsschule
• the donation Botani garden
• the support of research projects in the context of the Wissenschaftssponsorings, which is made accessible at the ZKB Forumsveranstaltungen for a broad public in each case
• the promotion of the culture work at meetings like the Theaterspektakel, the Kyburgiade and by the support of culture places like the jazz restaurant Moods or the literature house
• the adjustment and financing of the ZKB Schillerpreises
• '' the support of meetings of the spreading haven run Cup, turn celebrations, etc.)
• the publications of the row"”, which volkskundliche and cultural topics from the region to a broad public close brings.
• '' the support of the night net inhabitant of zurich traffic group

Related links

• Web appearance inhabitant of zurich cantonal bank
• ZH-Lex: ZKB law

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