Migros Bank (Switzerland)

Key details

• Parent: branch network

Overview

Migros Bank (Switzerland) is Swiss commercial bank + Migros Federation Swiss cooperative supermarket group fully owned subsidiary + one of largest Swiss retail banks by branch network [1, ch-cro].

History

Apr 24 1958 — Migros Bank AG founded by Gottlieb Duttweiler as Swiss commercial bank serving Migros Federation cooperative supermarket members distinctive Swiss cooperative-bank heritage.

2014 — Migros Bank Mobile Banking app launch.

Ownership & operator

Operating entity: Migros Bank AG (Swiss commercial bank; Migros Federation Swiss cooperative supermarket group fully owned subsidiary).

Major shareholders: Migros Federation (Federation of Migros Cooperatives; Swiss cooperative supermarket group with ~2M+ Swiss members; Switzerland's largest retailer by revenue) fully owned.

Regulators: FINMA Switzerland.

Technical integration

Migros Bank Mobile Banking app (iOS + Android) + migrosbank.ch online + Migros Bank branch network across Switzerland + Migros Bank Visa + Mastercard cards; SEPA + SEPA Instant + EPC-QR + TWINT (Switzerland) + Swiss QR-bill standard.

Implementations & partners

Migros Federation ecosystem: Migros Federation cooperative supermarket group + Migros Bank + Migros Cumulus loyalty + Migros Online + Galaxus + Digitec + Hotelplan + Denner + others distinctive Swiss cooperative retail-bank ecosystem.

Major Swiss banking + payments competitors: [[ubs]] (UBS Group; SIX: UBSG; world's largest wealth manager post-Mar 2023 Credit Suisse acquisition for ~CHF 3B) + [[postfinance]] (Swiss Post PostFinance; Switzerland's #5 retail bank by customers + TWINT founding member) + [[raiffeisen-ch]] (Raiffeisen Switzerland; Switzerland's #3 retail bank + cooperative banking model) + [[zurcher-kantonalbank]] (Zürcher Kantonalbank ZKB Switzerland's largest cantonal bank) + [[julius-baer]] (Julius Bär; SIX: BAER) + [[pictet]] (Pictet Group Swiss partnership private banking) + [[swissquote]] (Swissquote Switzerland's largest online bank + leading European online broker) + twint (Swiss bank consortium A2A mobile wallet).

Regulator: FINMA Switzerland.

Status

Active, Swiss commercial bank + Migros Federation Swiss cooperative supermarket group fully owned subsidiary + one of largest Swiss retail banks by branch network [1, 2].

Sources

• 1 Migros Bank — official
• 2 Migros Bank — Wikipedia
• ch-cro In-corpus: reports/countries/CH-switzerland.md

Source

Biography extracted from migros-bank.md. See matrix.md for standards-support matrix if present.