Founded in 1873 in Switzerland, BSI Bank is an international bank specializing in wealth management. In February 2016, EFG International announced its intentions to acquire BSI Bank. In April 2017, the integration of BSI SA’s Swiss business into EFG Bank AG, a 100% subsidiary of EFG International was completed.
BSI SA was the 39th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 12 956,31 mln CHF, providing the bank with the market share of 0.42%. BSI SA was the 6th largest foreign-controlled bank in Switzerland (out of 81 foreign-controlled banks) having market share of 5.23% amongst the banks of this category. In 2014 the bank's annual profit was 2,30 mln CHF. BSI SA had 1 928 employees in 2014.
BSI SA participates in the deposit guarantee scheme of Switzerland. This deposit guarantee scheme applies to credit balances made by private individuals (Swiss and foreign), legal entities (Swiss and foreign) and covers up to up to 100,000 CHF per bank per depositor. BSI SA is a member of esisuisse – Deposit Insurance and makes its contributions into it.
BSI SA was headquartered in Lugano.
BSI SA was authorized and supervised by the Swiss Financial Market Supervisory Authority.