Profit distribution

For more than 150 years, we have been making an important contribution to the public budget of our canton.

We support the canton and municipalities

As the legal entity, the parent company (Zürcher Kantonalbank excluding subsidiaries) is decisive for the appropriation of profits.

For the 2023 financial year, an ordinary dividend of CHF 528 million was paid (previous year CHF 491 million). The canton first uses these to cover the capital costs. Of the remaining amount, two thirds go to the canton (CHF 340 million) and one third to the political municipalities (CHF 170 million). Distribution to the municipalities is made in proportion to the population.

The remaining amount of CHF 700 million is allocated to reserves as retained earnings.

Profit distribution

in CHF million	2023	2022
Total dividend	528	491
of which to cover capital costs	18	11
of which dividends for the benefit of the canton	340	320
of which dividends for the benefit of the municipalities	170	160

Profit retained

Reverse allocation in CHF million	2023	2022
of which allocated to statutory retained earnings reserves	-	-
of which allocated to voluntary retained earnings reserves	700	552
Profit carried forward	4	4

Detailed information on the balance sheet and income statement can be found in our annual reports in the "Financial report" section.

Reporting

Find out more about our business operations in our reporting.

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Reporting

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