Cornèr Bank Group
Founded in Lugano in 1952, the 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, the 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 the Cornèr Bank Group is based.
2011 brought a new acquisition to the Group: Zurich-based BonusCard.ch AG, a company engaged in the payment cards sector. 2012, on the contrary, was the year of the creation of Cornèrtrader. This division offers private and institutional investors innovative multi-asset platforms for trading online. Through these platforms, investors can access the world’s financial markets and take advantage of personalised service and assistance from Account Executives specialised in this field.
Among the main innovations of 2015 was the direct issue of structured products on the Swiss market. This enabled the Cornèr Bank Group to join the Swiss Structured Products Association (SSPA), making it the Association’s first member bank from Ticino. Also in 2015, the acquisition of Diners Club Italia, in Milan, and the Slovenian Dinit d.o.o., the service company for the Diners Club brand at the European level, extended the Group’s scope of action in the payment cards sector.
The decision to keep the Head Office and Executive Board 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 the increasing market globalisation and a more cosmopolitan clientele.
As regard to equity, the Cornèr Bank Group currently boasts an impressive capital ratio, with around three times the minimum statutory requirement. In terms of capital soundness, it ranks first in Switzerland according to the world financial statistics compiled in 2015, 2016, 2017 and 2018 by “The Banker”.
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 Bank (Overseas) Limited, BonusCard.ch Ltd., Cornèrcard UK Ltd., Diners Club Italia S.r.l. and Dinit d.o.o.