Profile
«AKB – Setting Standards.»
Brief profile
We’re the leading universal bank for private and corporate clients in the canton of Aargau and have a lot to offer institutional investors too. Our strengths include personal advice that is tailor-made to you and regional proximity. Our service concept is clear and understandable. Expertise at AKB is not complicated – nor are our range of products and services. You’ll receive exactly the advice you want. We’re here for you at 31 branches in the canton of Aargau and in Olten-Gösgen-Gäu in the adjacent region of Solothurn. AKB has around 790 employees, 78 of whom are apprentices and trainees. We serve approximately 230,000 clients. The rating agency Standard & Poor's distinguished us with an AA rating, making us one of the best rated banks in the world. Aargauische Kantonalbank is 100% owned by the canton of Aargau and has a full state guarantee. Your money is safe with us.
AKB at a glance
| Year of foundation | 1913 |
| Employees | approx. 790 |
| Apprentices and trainees | 78 |
| Branches | 31 |
| Total assets as at 31 December 2018 | CHF 28.4 billion |
| Annual profit | CHF 144.2 million |
| Profit distributed to the canton in 2018 | CHF 60.0 million |
| Ownership structure | 100%-owned by the canton of Aargau |
| State guarantee from the canton of Aargau | 100% |
Key figures
| Balance sheet as at 31 December 2018 in CHF millions | |
| Total assets | 28 351.4 |
| Loans to customers | 22 795.8 |
| - of which amounts due from customers | 1 181.1 |
| - of which mortgage loans | 21 614.6 |
| Funds due to customers | 18 254.7 |
| - of which amounts due in respect of customer deposits | 18 221.4 |
| - of which cash bonds | 33.3 |
| Net equity before distribution of net profit | 2 352.4 |
| Income statement for 2018 in CHF millions | |
| Net result from interest operations | 293.4 |
| Result from commission business and services | 65.5 |
| Result from trading activities and the fair value option | 23.8 |
| Other result from ordinary activities | 8.2 |
| Operating income | 391.0 |
| Personnel expenses | -114.7 |
| General and administrative expenses | -83.2 |
| - of which compensation for the state guarantee | -11.5 |
| Operating expenses | -197.9 |
| Value adjustments on participations and depreciation and amortisation of tangible fixed assets and intangible assets | -11.2 |
| Changes to provisions and other value adjustments, and losses | 4.1 |
| Profit | 144.2 |
| Appropriation of profit in CHF millions | |
| Assignment for statutory retained earnings | 45.2 |
| Assignment for voluntary retained earnings | 39.0 |
| Distribution to the canton | 60.0 |
| Business Volume in CHF millions | |
| Client Assets 1) | 25 359.0 |
| Net new money | 1 771.5 |
| Business Volume 2) | 51 117.8 |
| Personnel 3) | |
| FTE (Full-time equivalent) | 707.9 |
| - of which apprentices/trainees | 39.5 |
1) Basis of calculation: deposited assets and client deposits (excl. corporate assets).
2) Basis of calculation: client assets, corporate assets and loans to customers.
3) FTE (full-time equivalent) is shown as part-time adjusted, apprentices, trainees and employees in the trainee pool are counted as 50%.