Legal Status

Banque Cantonale Vaudoise (BCV) was founded on 19 December 1845 by the Vaud Cantonal Parliament (Grand Conseil vaudois) as a société anonyme de droit public (i.e., a corporation organized under public law).

The Canton of Vaud is BCV’s majority shareholder, with 66.95% of the share capital.

BCV is listed in the Vaud Commercial Register and is subject to all applicable legislation. BCV’s legal status is defined in the Cantonal Act Governing the Organization of Banque Cantonale Vaudoise (LBCV) of 20 June 1995, as amended on 25 June 2002, 30 January 2007 and 2 March 2010.

BCV’s commitments are not underwritten by the Canton, although a limited cantonal guarantee applies to deposits with Caisse d’Epargne Cantonale Vaudoise, a savings institution managed by the Bank.