List of Banks in Switzerland

There are approximately 230 banks operating in Switzerland including major banks, investment banks, cantonal banks, 60 regional and savings banks as well as subsidiaries and branches of foreign banks. Swiss National Bank (SNB) is the country's central bank responsible for monetary policy. Here is a list of the most popular banks operating in Switzerland.

Top 10 Banks Switzerland

Following table shows the top 10 banks in Switzerland ranked by total assets in billions of U.S. dollars.

Rank Bank Total Assets (US$B)
1 UBS Group 1,717.57
2 Raiffeisen Schweiz 353.329
3 Zürcher Kantonalbank 239.321
4 PostFinance 121.596
5 Julius Baer 115.107
6 Banque Cantonale Vaudoise 70.004
7 Migros Bank 69.809
8 Luzerner Kantonalbank 68.252
9 Basler Kantonalbank 62.639
10 Pictet Group 47.637
Total assets as of December 31, 2023

UBS Group

UBS Group AG is the largest bank in Switzerland and one of the leading financial institutions in the world. With more than 115,000 employees, it provides a comprehensive range of products and services to retail and corporate customers and high-net-worth individuals. UBS business divisions include Global Wealth Management, Asset Management, Personal & Corporate Banking and Investment Bank. UBS is the best bank in Switzerland according to Euromoney and Global Finance.

Credit Suisse

Credit Suisse was acquired by UBS Group 2023, but it is still operating as an independent entity. It provides a broad suite of products and services for retail customers in Switzerland, including savings accounts, personal and auto loans, mortgages, credit cards, investment options, retirement planning and more.

Raiffeisen Schweiz

Raiffeisen Schweiz (or Raiffeisen Switzerland Cooperative Group) is the country’s second largest banking group with a balance sheet of over CHF 300 billion. It is one of the leading providers of retail and mortgage services in Switzerland, with about 2 million cooperative members, 3.6 million customers, 11,400 employees and 810 domestic branches. The company’s market share for mortgages exceeds 17%. The Group includes about 220 autonomous Raiffeisen banks.

Zurich Cantonal Bank

Zurich Cantonal Bank (ZKB) (or Zürcher Kantonalbank) is the largest cantonal bank in Switzerland. Through over 50 branches, it provides banking and financial services to both private individuals and companies. It offers current and savings accounts, personal loans, mortgages, investments, payment and settlement services, wealth management and more. In addition to its banking operations, ZKB is involved in the financing of public infrastructure projects in the canton. ZKB is one of the safest banks in the world, with the highest possible credit rating from ratings agencies. It has a triple-A rating from Moody's, Fitch and Standard & Poor's (S&P).

Postfinance

Headquartered in Bern, it is one of Switzerland's leading retail banks with more than 2.5 million private and business clients. The bank’s products are accounts for adults, children, young people and students, personal and mortgage loans, debit and credit cards, retirement planning and life insurance, investment funds, international payments, foreign exchange trading and more. It also offers a range of cryptocurrencies including Bitcoin and Ethereum as well as crypto saving plan. Postfinance is a subsidiary of state-owned Swiss Post.

Julius Baer

Julius Baer Group is the leading Swiss private bank offering investment and wealth planning services to clients worldwide. With about 7,500 employees, it maintains offices in key financial centers including London, Frankfurt, Luxembourg, Madrid, Monaco, Hong Kong, Tokyo and Singapore. As of June 30, 2024, the company’s assets under management reached 474 billion Swiss francs.

Banque Cantonale Vaudoise

Founded in 1845, it is a full-service bank headquartered in Lausanne. BCV employs around 1,930 people and provides retail, corporate and private banking services through a network of 60 branches and 210 ATMs across the canton. It also has a branch in Guernsey, Channel Islands. The company is among the top-rated banks in the world.

Migros Bank

Migros Bank AG, established in 1958, is a member of Federation of Migros Cooperatives (Migros-Genossenschafts-Bund). It provides a full spectrum of financial services including current and savings accounts, personal and car loans, mortgages, credit and debit cards, online banking, mobile banking app, wire transfers, foreign currency exchange, securities brokerage, investment and retirement solutions, precious metal accounts, structured products and other related services.

Luzerner Kantonalbank

Luzerner Kantonalbank AG (LUKB), founded in 1850, is among the ten largest banks in Switzerland in terms of total assets. With about 25 branches, 1,250 employees and more than 300,000 clients, it is a traditional full-service bank with a focus on business and real estate financing, saving and pension solutions, and investment and advisory services.

Basler Kantonalbank

Basler Kantonalbank (BSKP: SWX) is a universal bank providing retail, corporate and private banking services. It was established in 1899 and today has 1,450 employees and branches in Basel, German- and French-speaking Switzerland and Ticino. The company’s shares are listed on the SIX Swiss Exchange. It is one of the safest banks in Switzerland with an AA+ rating from Standard & Poor's and AAA rating from Fitch.

Pictet Group

The Pictet Group, headquartered in Geneva, is one of the leading Swiss private banks offering asset and wealth management, trading and advisory services to individuals, families, financial institutions, intermediaries and institutional investors. The company’s international network includes 30 financial centres worldwide. Pictet was established in 1805 and today employs over 5,400 people.

J. Safra Sarasin

Bank J. Safra Sarasin Ltd, a pioneer in sustainable investments, is a private banking institution headquartered in Basel. The company was established in 1841 and maintains offices in Lucerne, Geneva, Zurich, Bern and Lugano. It is a subsidiary of Brazilian J. Safra Group.

EFG International

EFG International is a Swiss private banking group with about 40 locations around the world including Europe, the Americas, Asia Pacific and the Middle East. It offers investment and wealth services, property financing, asset management as well as banking services which include current accounts and savings, maestro cards, options for credit cards, precious metals, custody services, foreign exchange, treasury and trading services, online and mobile tools and more.

St.Galler Kantonalbank

St.Galler Kantonalbank (SGKB) offers standard banking products and financial services to the local population and small & middle-sized enterprises in the canton. SGKB is listed on the Swiss stock exchange, and the canton owns 55% of the share capital. SGKB was established in 1868 and today employs over 1,300 people.

Union Bancaire Privée

Union Bancaire Privée (UPB) is one of the leading private banks and wealth management firms. UBP employs approximately 2,100 people in more than 20 offices worldwide. The company was established in 1969 and is headquartered in Geneva.

Vontobel

Vontobel Holding AG, headquartered in Zurich, is a global investment firm specializing in asset and wealth management and investment solutions. Vontobel was founded in 1924 and today has 26 locations worldwide including London, Paris, Luxembourg, New York, Miami, Dubai, Sydney, Singapore and Hong Kong. The company‘s registered shares are traded on the SIX Swiss Exchange.

Lombard Odier

The company is one of the largest and oldest private banks in Switzerland, with CHF 296 billion in client assets. It was established in 1796 and is headquartered in Geneva.

See also: Largest Banks in Switzerland, Foreign Banks in Switzerland

National Retail Banks in Switzerland

UBS
Credit Suisse
Raiffeisen Schweiz
Migros Bank AG
PostFinance Ltd

List of Swiss Cantonal Banks

There are 24 cantonal banks in Switzerland, with a network of more than 800 branches.

  • Aargauische Kantonalbank (AKB)
  • Appenzeller Kantonalbank (APPKB)
  • Banque Cantonale de Geneve (BCGE)
  • Banque Cantonale de Fribourg (Freiburger Kantonalbank)
  • Banque Cantonale Neuchateloise (BCN)
  • Banque Cantonale Vaudoise (BCV)
  • Banque Cantonale du Jura (BCJ)
  • Banque Cantonale du Valais (Walliser Kantonalbank)
  • Banca dello Stato del Cantone Ticino (BancaStato)
  • Basler Kantonalbank (BKB)
  • Basellandschaftliche Kantonalbank (BLKB)
  • Berner Kantonalbank (BEKB) or Banque Cantonale Bernoise (BCBE)
  • Glarner Kantonalbank (GLKB)
  • Graubündner Kantonalbank (Banca Cantonale Grigione)
  • Luzerner Kantonalbank (LUKB)
  • Nidwaldner Kantonalbank (NKB)
  • Obwaldner Kantonalbank (OKB)
  • St. Galler Kantonalbank (SGKB)
  • Schaffhauser Kantonalbank (SHKB)
  • Schwyzer Kantonalbank (SZKB)
  • Thurgauer Kantonalbank (TKB)
  • Urner Kantonalbank (URKB)
  • Zuger Kantonalbank
  • Zürcher Kantonalbank (Zurich Cantonal Bank)

Family-owned Swiss Banks

  • Bordier & Cie
  • Banque SYZ
  • Banque Heritage
  • CBH Bank (Compagnie Bancaire Helvétique)
  • Edmond de Rothschild Group
  • ONE Swiss Bank was formed through the merger of Geneva Swiss Bank and Banca Arne.
  • Gonet & Cie
  • E. Gutzwiller & Cie, Banquiers
  • Habib Bank AG Zurich
  • Landolt & Cie SA was acquired by Oddo BHF Group in 2020.
  • Lienhardt & Partner Privatbank Zürich AG
  • Mirabaud Group
  • Rahn+Bodmer Co
  • Reichmuth & Co
  • REYL & Cie (REYL Intesa Sanpaolo)
  • Vontobel
  • Union Bancaire Privée

Last updated February 14, 2025