Sure, it is rude, on a gift find fault with. Gift horse and so on. But what if the donor reaches the end of for his gift in a Fund, which belongs to the recipient? Because that’s exactly what happens when the Zurich cantonal Bank pays, in addition to the ordinary income dividend, a special dividend of 150 million francs.
Yes, clearly: The people of Zurich, the capital of the Bank, so the shareholders are private banks. And even more: Many of the residents of Zurich are also customers of the Bank for their nice gains.
To explain a bit of history. Johann Jacob Keller (1823-1903), textile businessman and politician from fish contained in the Zurich Oberland, had a “Bank of the Zurich people” in mind when he gave 150 years ago, the impetus to the founding of the ZKB. Bank father Keller was marked by the bankruptcy of his father. He saw the need for a Bank that is tailored to the needs of craftsmen and small entrepreneurs.
The ZKB is the Bank of the people, by the people and for the people
with the acquis and the purpose of the Kantonalbank has changed since then, nothing fundamental. Only law is legally convoluted by an “independent Institute of the cantonal Law is in the current Kantonalbank”. This means that The Canton provides for the Bank the operating capital needed. In addition, he shall be liable via the state guarantee one hundred percent for his Bank. Short and pathetic (and with a bond in the case of Abraham Lincoln): The Zurich cantonal Bank is the Bank of the people, by the people and for the people.
Nevertheless, the cantonal Bank is not a social institution. The law requires that you “run according to business principles”. The ZKB may and should so make a profit. Her Yes is also a little easier than a private Bank, which can count on no state guarantee.
As if it were in the 150 million to a wide-hearted charity, for which we may thank you in the knees
In competition with your competitors is the guarantee for ZKB, so it is an advantage, a he gives his customers and clients completely more. The cantonal Bank earned magnificent money with your loans for the Zurich-based company and mortgages for Zurich homeowners. The net profit amounted to 2018 close to 800 million Swiss francs.
In the case of a private joint-stock company, the shareholders decide, how much flows from the profit in the reserves and how much in your own pockets. In contrast, can speak in the case of the ZKB Bank Council President Jürg Müller-Very patronizing of an anniversary gift to the Zurich people, as if it were in the 150 million to a wide-hearted charity, for which we may thank you in the knees.
It is rude with other people’s money to the selfless benefactor
to install, It gets even worse: The President of the Bank Council is also still good advice to use what this money is: “We would be delighted if the Canton and the municipalities to use our anniversary dividend for special projects”. said, “projects in the regular Budget, and thus an exceptional Benefit.” Noble words, but out of place. Mr All speaking from other people’s money, namely ours.
Certainly, it is rude, on a gift find fault with. Rude, but it is also, with other people’s money to the selfless benefactor. This gift horse is a little lazy. (Editorial Tamedia)
Created: 14.02.2019, 18:50 PM
