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St. Galler Kantonalbank

Company Information
Address St. Leonhardstrasse 25
9001 St.Gallen
Country Switzerland
Phone +41 (0)71 231 31 31
Fax +41 (0)71 231 32 32
Internet www.sgkb.ch
Business Sector Bank
Brief Overview The Bank of the Canton of St. Gall (St. Galler Kantonalbank) is active as a universal Bank. It mainly covers the fields of mortgage loans, savings, and asset management.
 
People
Chief Executive Officer Gerhard E. Meyer
Chairman of the Board Franz Peter Oesch
 
Going Public
Exchange Swiss Exchange
IPO Date April 02, 2001
Symbol SGKN
Subscription Period 03,19,2001 to 03,30,2001
Lead Underwriter UBS Warburg
Underwriters St. Galler Kantonalbank, Zürcher Kantonalbank, Bank Sarasin & Cie.
Total No. of Shares in Issue after Going Public 5,000,000
No. of Offered Shares 1,650,000
Greenshoe 250,000
Total No. of Issued Share (inkl. Greenshoe) 38%
Lock Up for Holders of Non-Issued Shares The Canton of St. Gall as the owner of the non issued shares may not sell its stock during 12 months. The company may not raise capital through its already authorized stock of CHF 85 Mio. par value during 6 months. The board of directors, management and employees may not sell their preferred allotted share during 36 months.
First Day Close CHF 160
 
Numbers (in 1000 CHF)
Last Fiscal Year End Date Prior to Going Public December 31, 2000
Change Compared to Prior Year
Operating Profit, EBIT 2000
129,949 -0.4%
Operating Profit, EBIT 1999
130,412
Change Compared to Prior Year
Profit Before Tax 2000
114,432 -15.5%
Profit Before Tax 1999
135,348
Change Compared to Prior Year
Company Profit 2000
88,993 -34.1%
Company Profit1999
134,944
 
   
Equity on Last Balance Date 1,003,785
Total Assets 17,143,907
Ratio of Equity to Total Capital on Balance Date 5.9 %
Last Return on Equity (ROE) 8.9 %
 
Notes
The shares are issued by the Canton of St. Gallen, which is the sole owner of the company prior to the IPO.
After the IPO, the Canton of St. Gallen is the majority shareholder holding 62 % of the rights to vote.
The Banks of seven other Cantons as well as the Swiss Syndicate of the Raffeisenbanken (SVRB) act in addition to the underwriters mentioned above as Selling Group Members.
No capital is raised with the IPO.
Private investors which are customers of the underwriters as well as of the Selling Group Members will receive preferred treatment during allotment of the shares.
The Canton of St. Gallen bears responsibility for all the obligations of the Bank of the Canton of St. Gallen (St. Galler Kantonalbank) in case the Bank itself can't bear responsibility any more (Warranty of the state - Staatsgarantie).
During the upcoming years, the Bank of the Canton of St. Gall aims to achieve a return on equity before tax of 12 to 15 %. Distributed dividends shall be 40 to 50 % of earnings.
You may find an official press release in German at http://www.sgkb.ch/infothek/news_b.html

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