Banks in Switzerland

Credit Suisse	Pictet & Cie	Raiffeisen	J. Safra Sarasin	UBS

The Swiss banking system includes the "Two Big Banks" (UBS and Credit Suisse), 24 cantonal banks, private banks, cooperative Raiffeisen Group and foreign banks. UBS and Credit Suisse account for over 50% of the banking sector’s total assets and deposits. Banks are normally open from 8:30 am to 4:30 pm, Monday through Friday except for holidays.

Bank Cler AG (formerly Bank Coop) – A universal bank providing a wide range of products and services for personal customers and small and medium-sized businesses.

Bank J. Safra Sarasin – One of Switzerland's largest private banks. It provides investment advisory and asset management services for private and institutional clients.

Bank Zweiplus provides custody services to asset managers and financial services providers. It operates as a subsidiary of Bank J. Safra Sarasin AG.

Bank for International Settlements – An international financial institution which serves as a bank for central banks. It was established in 1930 and is based in Basel, Switzerland.

BSI – A Swiss private bank providing asset management and related services for private and institutional clients. In 2016, it was acquired by EFG International AG.

Clariden Leu was an exclusive Swiss private bank with over 250 years of experience in private banking.

Credit Suisse – One of the leading financial services providers with offices in 50 countries. Its business areas include private banking, wealth management and investment banking. As of May 10, 2018, Credit Suisse had a market capitalization of approximately US$44 billion.

EFG Bank AG is part of EFG International, a global private banking group headquartered in Zurich. It offers private banking services to individuals and institutions.

Falcon Private Bank – One of the leading Swiss private banking boutiques offering products and services to private clients, wealthy families and institutional investors. The Bank accepts deposits of US$5 million and above.

Habib Bank AG Zurich – A commercial bank incorporated in Switzerland. It is privately owned and managed by the Habib family.

Julius Baer – One of the largest private banks in Switzerland. As of March 2017, it had total client assets of about CHF 400 billion and assets under management of over CHF 330 billion.

Notenstein La Roche Private Bank – A Swiss private bank based in St. Gallen. It operates as a subsidiary of Raiffeisen (Switzerland).

Raiffeisen Schweiz – The third-largest banking group and the leading retail bank in Switzerland. Raiffeisen claims 20 percent of the country’s market share for traditional customer deposits.

Rothschild Bank AG – An independent Swiss bank specializing in private banking and asset management. The Bank is a part of Rothschild Group.

Swiss Bankers Association – The leading site on swiss banking, finance, banking secrecy, private banking and etc.

Swiss National Bank (SNB) – The central bank of Switzerland established in 1907. It manages the gold reserves of Switzerland, which amount to 1,040 tonnes.

Union Bancaire Privée (UBP) – One of the major Swiss wealth management banks and a leader in the hedge fund industry. With a Tier-1 ratio of over 22%, UBP is one of the best-capitalized Swiss banks.

UBS Group – A leading global financial services company with operations in more than 50 countries and 59,000 employees. As of June 30, 2017, it had total assets of CHF 891 billion.

Valiant Holding AG – A Swiss financial services provider. It operates through a network of more than 100 local branches in the Swiss cantons of Aargau, Basel, Berne, Fribourg, Jura, Lucerne, Solothurn, Waandt and Zug.

Vontobel Holding AG provides wealth management services for private and institutional clients. The firm operates in Europe, North America, the Middle East and the Asia-Pacific region.

Wegelin & Co is the oldest Swiss private bank established in 1741. In January 2012, Wegelin & Co. transferred a majority of clients and staff to Notenstein Private Bank.

WIR Bank – An independent complementary currency system serving small and medium-sized enterprises. Established in October 1934 in Zurich, it has around 60,000 members.

Swiss Cantonal Banks

There are 24 Cantonal banks in Switzerland. They are 100% or majority-owned by the cantons. The banks focus on loans to small and medium-sized companies and retail banking.

Family Owned Swiss Banks

Baumann & Cie

Bordier & Cie

E. Gutzwiller & Cie, Banquiers

Gonet & Cie

Hinduja Bank (Switzerland) Ltd

Hottinger & Cie

La Roche & Co. merged with Notenstein Private Bank in 2015.

Lombard Odier

Mirabaud & Cie

Mourgue d'Algue & Cie

Pictet & Cie

Rahn & Bodmer Co.

Reichmuth & Co.

Union Bancaire Privée

Top 10 Banks in Switzerland

Following are the largest banks in Switzerland according to their assets.

 Total assets (CHF billion)

* Data as of June 30, 2017