| Migros Bank | |
| Native Name: | Migros Bank Banque Migros Banca Migros |
| Founded: | [1] |
| Founder: | Gottlieb Duttweiler |
| Hq Location City: | Zürich |
| Hq Location Country: | Switzerland |
| Areas Served: | --> |
| Industry: | Banking |
| Operating Income: | 226 million CHF (2015) |
| Assets: | 42.2 billion CHF (2015) |
| Equity: | 3.4 billion CHF (2015) |
| Owner: | Federation of Migros Cooperatives |
| Num Employees: | 1,335 |
Migros Bank is a Swiss bank founded in 1958 by Gottlieb Duttweiler and belongs to the Federation of Migros Cooperatives.[1] It has 67 branches in Switzerland (20 new between 2008 and 2016).
In 2015, it has a balance sheet of 42 billion Swiss francs and an income of 226 million.[2] [3]
In April 2020, Migros Bank agreed to pay German justice authorities around 2.4 million euros to settle allegations that it allowed German clients to evade taxes.[4]
In 2022, Migros Bank's Chairman of the board of directors, Fabrice Zumbrunnen, announced that he would be stepping down from his position.[5]