Flag of Switzerland>

Economy and Banking Sector of Switzerland

Financial Market Development

Financial Market Development
5.3 (max 7.0), 8th out of 138 countries
Banks' Soundness
6.0 (max 7.0), 13th out of 138 countries

According to World Economic Forum's Global Competitiveness Report 2017-2018, financial market development in Switzerland is scored 5.3 out of maximum 7.0 and ranked 8th out of 138 analysed economies, trustworthiness and confidence of financial market is scored 5.3 (17th place).

Financial Market Development in Switzerland.

Chart 1. Financial Market Development in Switzerland. Source: WEF.


Soundness of banks is scored 6.0 bringing Switzerland into the 13th place.

Soundness of Banks in Switzerland.

Chart 2. Soundness of Banks in Switzerland. Source: WEF.

Further Information

Deposit Guarantee Scheme

Maximum Protected Amount
100 000 CHF

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

From a depositor's point of view it is important to know:

  • if the depositor is eligible within the terms of the deposit guarantee scheme;
  • if the depositor's bank is a participant in the deposit guarantee scheme;
  • if the depositor's type of deposit is covered by the deposit guarantee scheme.

All these details about deposit guarantee scheme in Switzerland are summarised in Table 1.

Scheme Participantsall credit institutions operating in Switzerland (including branches of foreign banks), branches of Swiss banks abroad
Eligible Depositorsprivate individuals, commercial enterprises and public-sector offices
Covered Accountscredit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)
Covered Currenciesall
Maximum Protected Amount100 000 CHF
Paid In CurrencyCHF

Table 1. Deposit guarantee scheme in Switzerland.

Further Information

Country Ceiling for Deposits

Moody's country ceilings for deposits specify the highest rating that can be assigned to local- or foreign- currency denominated deposit obligations of a bank or other deposit taking institution domiciled within that country.

Local Currency (Swiss franc)
Aaa (prime)
Foreign Currency
Aaa (prime)

Local currency (Swiss franc) deposit ceiling for Switzerland is set to Aaa (prime), foreign currency deposit ceiling is Aaa (prime).

Banking Supervision

 Schweizerische Nationalbank

Banking Sector Structure

Number of Banks
261
Consolidated Assets (2016)
3 100.83 bln CHF  (+2.47%)
Recent Changes (2016)
new banks: 2, closed banks: 7

Currently there are 261 credit institutions operating in Switzerland.

In 2016 consolidated banking assets in Switzerland were 3 100.83 bln CHF. The consolidated banking assets' evolution is shown at Chart 3 below.

Consolidated banking assets in Switzerland.

Chart 3. Consolidated banking assets in Switzerland.

Recent structural changes (2011 - 2016) of the banking sector of Switzerland are summarised in Table 2.

201120122013201420152016
Number of Opened Banks222252
Number of Closed Banks017168157

Table 2. Recent structural changes in the banking sector of Switzerland.

The list of the most recently opened banks in Switzerland is provided in Table 3.

NameStart Date
 Bank of America Merrill Lynch International Limited, London, Zurich Branch (new)January 2016
 Credit Suisse (Schweiz) AG (new)January 2016
 Bank of America, National Association, Charlotte, Zurich Branch (closed)January 2015
 UBS Switzerland AG (new)January 2015
 CACEIS Bank, Paris, succursale de Nyon / Suisse (new)January 2015
 Banque Internationale de Commerce - BRED (Suisse) SA (new)January 2015
 China Construction Bank Corporation, Beijing, Swiss Branch Zurich (new)January 2015
 IG Bank S.A. (new)January 2014
 Z√§hringer Privatbank AG (new)January 2014
 PostFinance AGJanuary 2013
 

Table 3. The most recently opened banks in Switzerland.

All the credit institutions operating in Switzerland can be classified into several categories. Table 4 summarises the number of banks in each category.

CategoryNumber of Banks
Big banks4
Branches of foreign banks23
Cantonal banks24
Central banks1
Foreign-controlled banks76
Institutions with a special field of business6
Other banks14
Private bankers who do not actively seek deposits from the public6
Raiffeisen banks1
Regional banks and savings banks62
Stock exchange banks44

Table 4. Number of banks by category in Switzerland.