Thurgauer Kantonalbank

Thurgauer Kantonalbank is a Swiss cantonal bank serving the canton of Thurgau. The head office is based in Weinfelden.^[1]

Thurgauer Kantonalbank

Company type	Public-law institution
Traded as	SIX: TKBP
ISIN	CH0231351104
Industry	Financial services
Founded	1871; 154 years ago (1871)
Headquarters	Weinfelden (TG) , Switzerland
Number of 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
Total assets	28,707.41 mln CHF
Number of employees	686 (2022)
Website	www.tkb.ch

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.^[2]

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.^[3][4][5]

In 2017, the bank sold all of its shares in the Swiss National Bank.^[6][7]

Products & Services

ATM in Wigoltingen

Thurgauer Kantonalbank offer both retail and business services. The bank has 28 locations and 70 ATMs across the canton.^[8]

See also

• Cantonal bank
• List of banks
• List of banks in Switzerland