Profit distribution & participation

For 155 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.

Zürcher Kantonalbank will distribute a dividend of CHF 378 million for the financial year 2025 (2024: CHF 375 million). Taking into account the OECD minimum tax, which was introduced on 1 January 2024, the canton will receive a dividend of CHF 372 million (2024: CHF 361 million). This includes the dividend to cover the capital costs of the endowment capital amounting to CHF 22 million (2024: CHF 21 million). Additionally, the canton benefits from the compensation for the state guarantee of CHF 34 million (2024: CHF 31 million) as well as the entire OECD minimum tax of CHF 169 million (2024: CHF 156 million) from the success of Zürcher Kantonalbank. The municipalities benefit from a dividend of CHF 175 million (2024: CHF 170 million) from the success of Zürcher Kantonalbank. In total, the canton and municipalities benefit from the success of Zürcher Kantonalbank with CHF 581 million (2024: CHF 562 million).

The remaining amount of CHF 840 million is allocated to reserves as retained earnings.

Profit distribution & participation

in CHF million	2025	2024
Total participation	581	562
of which to cover capital costs	22	21
of which dividends for the benefit of the canton	181	184
OECD minimum tax for the benefit of the canton	169	156
Compensation for state guarantee for the benefit of the canton	34	31
of which dividends for the benefit of the municipalities	175	170

Profit retained

Reverse allocation in CHF million	2025	2024
of which allocated to statutory retained earnings reserves	-	-
of which allocated to voluntary retained earnings reserves	840	740
Profit carried forward	3	2

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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