Banks in Switzerland

The Swiss banking system is dominated by UBS, which took over Credit Suisse in the emergency transaction agreed in March 2023, alongside 24 cantonal banks, private banks, the cooperative Raiffeisen Group and foreign banks. 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 was one of Switzerland's two big banks, active in private banking, wealth management and investment banking. It was taken over by UBS in an emergency transaction arranged by the Swiss authorities in March 2023 and no longer holds a Swiss banking license.

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 was a Zurich private banking boutique serving private clients, wealthy families and institutional investors. It is registered with FINMA as Falcon Private AG and is winding down its banking business.

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, specializing in wealth management for private clients.

Migros Bank AG – A retail bank based in Zurich, placed by FINMA in supervisory category 3.

Notenstein La Roche Private Bank was a Swiss private bank based in St. Gallen and a subsidiary of Raiffeisen Switzerland. It no longer holds a Swiss banking license, the name is no longer in use, and its former domain redirects to Vontobel.

PostFinance AG – One of Switzerland's leading financial institutions, with more than 2.4 million private and business customers. It is a subsidiary of Swiss Post and is placed by FINMA in supervisory category 2.

Raiffeisen Schweiz – One of Switzerland's largest banking groups and its leading retail bank, placed by FINMA in supervisory category 2.

Rothschild & Co Bank AG – A Swiss bank specializing in private banking and asset management. It is part of the Rothschild & Co 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 – Switzerland's largest bank and the only Swiss banking group in FINMA's top supervisory category. It took over Credit Suisse following the emergency transaction agreed in March 2023.

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 was the oldest Swiss private bank, founded in 1741. In January 2012 it transferred the majority of its clients and staff to Notenstein Private Bank. Neither name appears on FINMA's current register of Swiss banks.

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, at each year-end from 2011 to 2017. Credit Suisse Group, shown second in the table, was taken over by UBS in the emergency transaction agreed in March 2023 and no longer exists as a separate bank.

Total assets (CHF billion)

* Data as of June 30, 2017