Thurgauer Kantonalbank
{{Short description|Swiss bank}}
{{Infobox company
| name = Thurgauer Kantonalbank
| logo = Logo_der_Thurgauer_Kantonalbank.svg
| image = Thurgauer_Kantonalbank_in_Weinfelden.jpg
| type = Public-law institution
| traded_as = {{SWX|TKBP}}
| ISIN = {{ISIN|sl=n|pl=y|CH0231351104}}
| industry = Financial services
| foundation = {{start date and age |1871}}
| location_city = Weinfelden (TG)
| location_country = Switzerland
| locations = 28 branches (2021)
| area_served = Canton of Thurgau
| key_people = Thomas Koller (Chairman of the Management Board),
René Bock
(Chairman of the Board)
| services = Banking services
| operating_income =
| net_income =
| assets = 28,707.41 mln CHF
| num_employees = 686
| num_employees_year = 2022
| website = {{url |http://www.tkb.ch}}
}}
Thurgauer Kantonalbank is a Swiss cantonal bank serving the canton of Thurgau. The head office is based in Weinfelden.{{cite web|url=https://www.reuters.com/markets/companies/TKBP.S|title=Thurgauer Kantonalbank|publisher=Reuters|access-date=13 May 2022}}
History
Thurgauer Kantonalbank (TKB) was founded in 1871. Thurgauer Kantonalbank is the 22nd largest bank in Switzerland, and 10th largest of the cantonal banks in the country. As of 2020, Thurgauer Kantonalbank recorded an annual profit of £139.08 mln CHF.{{cite web|url=https://thebanks.eu/banks/9522|title=Thurgauer Kantonalbank
|publisher=The Banks|access-date=13 May 2022}}
In 2014, Thurgauer Kantonalbank went through an IPO and became listed on the Swiss Stock Exchange. The canton provided CHF 50 million of the share capital or 12.5% for this purpose. The offer was oversubscribed several times and generated proceeds of CHF 185 million, all of which went to the canton of Thurgau.{{cite web|url=https://www.goingpublic.de/going-public-und-being-public/ipo-news/thurgauer-kantonalbank-geht-an-die-boerse/|title=Thurgauer Kantonalbank geht an die Börse|date=25 February 2014 |publisher=Going Public|access-date=13 May 2022}}{{cite web|url=http://www.thurgauerzeitung.ch/aktuell/wirtschaft/tb-wo/TKB-Anteilscheine-sind-gefragt%3Bart123834%2C3766605|title=TKB-Anteilscheine sind gefragt
|publisher=Thurgauerzeitung|access-date=13 May 2022}}{{cite web|url=http://www.thurgauerzeitung.ch/aktuell/wirtschaft/tb-wi/TKB-PS-Kapital-komplett-plaziert%3Bart149%2C3776545|title=TKB: PS-Kapital komplett plaziert
|publisher=Thurgauerzeitung|access-date=13 May 2022}}
In 2017, the bank sold all of its shares in the Swiss National Bank.{{cite web|url=https://www.handelszeitung.ch/unternehmen/nationalbank-bittet-kantonalbanken-um-treue#|title=Nationalbank bittet Kantonalbanken um Treue
|publisher=Handelszeitung|access-date=13 May 2022}}{{cite web|url=https://www.handelszeitung.ch/unternehmen/nationalbank-bittet-kantonalbanken-um-treue|title=National Bank asks cantonal banks for loyalty
|publisher=Handelszeitung|access-date=13 May 2022}}
Products & Services
Thurgauer Kantonalbank offer both retail and business services. The bank has 28 locations and 70 ATMs across the canton.{{cite web|url=https://www.top-bank.ch/en/regional-cantonal-bank/thurgau-cantonal-bank|title=Thurgauer Kantonalbank
|publisher=Top Bank CH|access-date=13 May 2022}}
See also
References
{{Reflist}}
External links
- [https://www.tkb.ch Official website]
{{Banks of Switzerland}}
{{Portal bar|Banks|Switzerland}}
{{Authority control}}
Category:Companies listed on the SIX Swiss Exchange
Category:Banks established in 1871