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Three years ago, Zuger Kantonalbank shares were priced at CHF 6,920.00. An investment of CHF 1,000 would have yielded 0.145 shares, now valued at CHF 1,225.43, reflecting a 22.54% increase, with the current share price at CHF 8,480.00 and a market capitalization of CHF 2.44 billion.
One year ago, Zuger Kantonalbank shares closed at CHF 7,560.00. An investment of CHF 100 would now be worth CHF 108.99, reflecting an 8.99% increase, with the current share price at CHF 8,240.00. The bank's market capitalization stands at CHF 2.37 billion.
Zuger Kantonalbank shares, valued at CHF 6,840.00 three years ago, have appreciated to CHF 8,080.00 as of December 10, 2024, yielding an 18.13% return on a CHF 1,000 investment, which now equates to CHF 1,181.29. The bank's current market capitalization stands at CHF 2.32 billion.
Standard & Poor's has affirmed Zuger Kantonalbank's "AA+" credit rating, citing its solid capital base and strong competitive position in the Zug region. The agency also assigned an "A" rating for long-term liabilities and "A-1+" for short-term loans, highlighting the bank's dynamic earnings growth and robust liquidity. Additionally, the bank benefits from a state guarantee from the financially strong Canton of Zug.
The Swiss National Bank (SNB) has lowered its key interest rate by 0.5 percentage points, prompting several banks to anticipate significant cuts in savings rates. While Raiffeisen and Bank Cler have temporarily maintained their rates, others like Zuger Kantonalbank and Yuh are set to reduce theirs starting January 1, 2025. The outlook for savers remains grim, with many banks already tightening rates since October, and only a few institutions, such as the Cantonal Banks of Geneva and Thurgau, still offering higher rates.
Savers are facing further reductions in interest rates as the Swiss National Bank (SNB) has lowered its key interest rate by 0.5 percentage points to 0.5 percent. This decision, made by new President Martin Schlegel, is expected to prompt banks like Yuh and Zuger Kantonalbank to cut their savings interest rates significantly. Experts predict that savers will receive even less on their account assets in the near future.
Zuger Kantonalbank has appointed Martina Bonati as the new Head of the Private and Corporate Clients department, succeeding Daniela Hausheer, who will leave the bank in June 2025. Bonati, 46, has been with ZGKB for eight years, previously overseeing corporate development and project management, and has a 12-year background at Credit Suisse Private Banking. Following the announcement, ZGKB shares rose by 0.25 percent to CHF 8,160 in SIX trading.
Martina Bonati has been appointed as a member of the Executive Board and Head of Private and Corporate Clients at Zuger Kantonalbank. With eight years of experience at the bank, she will succeed Daniela Hausheer, who is set to leave at the end of June 2025.
Zug's crypto scene faces challenges with the bankruptcy of the Lykke exchange, raising concerns among customers. Despite this, the region remains a hub for blockchain innovation, allowing tax payments in cryptocurrencies and expanding crypto services through Zuger Kantonalbank. The local infrastructure supports over 1,000 crypto companies, while luxury real estate reflects the wealth of successful entrepreneurs.
Martina Bonati has been appointed as the new Head of the Private and Corporate Clients department at Zuger Kantonalbank, joining the Executive Board. She succeeds Daniela Hausheer, who will leave the bank in June 2025. Bonati has been with Zuger Kantonalbank for eight years, previously overseeing corporate development and project management.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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