Profit distribution & participation

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.

Zürcher Kantonalbank will distribute a dividend of CHF 375 million for the financial year 2024 (2023: CHF 528 million). Taking into account the OECD minimum tax, which was introduced on 1 January 2024, the canton will receive a dividend of CHF 361 million (2023: CHF 358 million). This includes the dividend to cover the capital costs of the endowment capital amounting to CHF 21 million (2023: CHF 18 million). Additionally, the canton benefits from the compensation for the state guarantee of CHF 31 million (2023: CHF 30 million) as well as the entire OECD minimum tax of CHF 156 million (2023: CHF 0) from the success of Zürcher Kantonalbank. The municipalities benefit from a dividend of CHF 170 million (2023: CHF 170 million) from the success of Zürcher Kantonalbank. In total, the canton and municipalities benefit from the success of Zürcher Kantonalbank with CHF 562 million (2023: CHF 558 million).

The remaining amount of CHF 740 million is allocated to reserves as retained earnings.

Profit distribution & participation

in CHF million	2024	2023
Total participation	562	558
of which to cover capital costs	21	18
of which dividends for the benefit of the canton	184	340
OECD minimum tax for the benefit of the canton	156	-
Compensation for state guarantee for the benefit of the canton	31	30
of which dividends for the benefit of the municipalities	170	170

Profit retained

Reverse allocation in CHF million	2024	2023
of which allocated to statutory retained earnings reserves	-	-
of which allocated to voluntary retained earnings reserves	740	700
Profit carried forward	2	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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