Cornèr Bank Group
Founded in Lugano in 1952, Cornèr Bank Group is an independent Swiss private bank group operating on the national market as a full-service bank. Lugano is Switzerland’s third-largest banking centre, after Zurich and Geneva.
Active across the whole range of traditional banking services, Cornèr Bank Group specialises in the Private Banking sector, as well as in the areas of lending, Visa, MasterCard and Diners Club payment cards (Cornèrcard) and online trading (CornèrTrader) – the core businesses on which the growth of Cornèr Bank Group is based.
2011 saw a new addition to the Group: Zurich-based BonusCard.ch is a company engaged in the payment cards sector. The business model by which it operates is complementary to that of Cornèrcard.
2012, by contrast, was the year of creation of CornèrTrader, an innovative platform for trading online. CornèrTrader gives all investors an online access to the world’s financial markets. Clients will also receive personalised service and assistance from Account Executives specialised in this field.
The decision to keep the Head Office and Executive Board situated in Lugano reflects the Bank’s strong link with the local economy. Over the years, Cornèr Bank has opened offices in other leading Swiss financial centres and launched a vital process of internationalisation. The specific aim is to diversify and extend the Bank’s own range of products and services to keep pace with increasing market globalisation and a more cosmopolitan clientele.
As far as asset backing is concerned, Cornèr Bank Group enjoys an enviable position, holding about three times the necessary equity. This gives it a Tier-1 coefficient of 26%. Indeed, according to the world financial statistics compiled by The Banker in 2014, Cornèr Bank Group ranks third in Switzerland in terms of capital adequacy.
Cornèr Bank Group consists of the Lugano-based parent bank Cornèr Bank Ltd., the four Swiss branches in Chiasso, Geneva, Locarno and Zurich, the affiliated Cornèr Banque (Luxembourg) SA, Cornèr Bank (Overseas) Limited, of Nassau, BonusCard.ch Ltd. and Cornercard UK Ltd.