There are 250 banks operating in Switzerland including four big banks, 24 cantonal banks, 62 regional and savings banks, 43 stock exchange banks, 6 private banks, Raiffeisen group and 99 foreign-controlled banks and branches of foreign banks. The banking sector operates around 2,680 domestic branches and 7,050 ATMs. The number of FTE employees at banks in Switzerland is about 136,000. The balance sheet total of Swiss banking system equals approximately US$3.3 trillion. FINMA (Swiss Financial Market Supervisory Authority) regulates most banking activities in the country. Swiss National Bank (SNB), founded in 1907, is the country’s central bank responsible for monetary policy. Below is a list of the largest and best banks in Switzerland ranked by total assets.

UBS Group

UBS Group AG is the largest bank in Switzerland and one of the leading financial institutions in the world. It operates through the following business units: Wealth Management, Global Asset Management, Wealth Management Americas, Investment Bank and Retail & Corporate division. As at March 31, 2019, UBS Group had US$957 billion in total assets, US$335.6 billion in loans, US$426 billion in deposits and US$53.7 billion in shareholders' equity. The company’s market capitalization was US$44 billion as of September 30, 2019.

Credit Suisse

Credit Suisse Group AG is the second largest bank in Switzerland based on total assets. It operates through three main business lines: Swiss Universal Bank (SUB), International Wealth Management (IWM) and Asia Pacific (APAC). As of March 31, 2019, Credit Suisse had total assets of US$797.2 billion and assets under management of US$1.4 trillion. The company’s market capitalization is US$34 billion (November 22, 2019).

Raiffeisen Schweiz

Raiffeisen Schweiz is the third biggest banking group in Switzerland with about 2 million cooperative members, 3.8 million customers, 11,000 employees and 900 locations across the country. The company has US$168 billion in customer deposits and US$230 billion in total assets.

Zürcher Kantonalbank

Zürcher Kantonalbank (ZKB) is the biggest cantonal bank in Switzerland with more than 5,000 employees and CHF 164 billion in assets. With over 80 outlets, ZKB has the largest branch network in the canton of Zurich. The Bank was established in 1870.

Julius Baer

Julius Baer Group is a leading Swiss private bank with assets under management of CHF 400 billion as of September 2018. The Bank has offices in key financial centers including London, Frankfurt, Luxembourg, Monaco, Hong Kong, Tokyo and Singapore.

Banque Cantonale Vaudoise

Banque Cantonale Vaudoise (BCV) is a full-service bank headquartered in Lausanne. With about 1,900 employees, BCV is the Canton of Vaud’s leading bank providing retail and corporate banking, private banking, wealth management, foreign-exchange trading and other services through more than 60 local branches and 230 ATMs. It also maintains branch in Guernsey. The company is among the top-rated banks in the world.

EFG International

EFG International is a Switzerland-based private banking group with about 40 locations worldwide including Europe, the Americas, Asia Pacific and the Middle East. The Bank employs 3,200 people and is headquartered in Zurich. As of June 30, 2018, the company reported total assets under management and administration of CHF 158.874 billion.

Basler Kantonalbank

Basler Kantonalbank is a Swiss cantonal bank offering retail, corporate and private banking services. The Bank employs about 1,240 people and operates through 15 branches. As of June 30, 2019, it reported US$46.1 billion in total assets, US$32 billion in loans, and US$26.5 billion in customer deposits.

Luzerner Kantonalbank

Luzerner Kantonalbank (LUKB) is among the ten largest banks in Switzerland based on assets. Founded in 1850, it is the leading bank in Canton Lucerne with about 25 branches, 1,000 employees and US$40 billion in total assets as of March 31, 2019.

St.Galler Kantonalbank

St.Galler Kantonalbank (SGKB) offers financial services to the local population, and the small and middle-sized enterprises in the Canton of St. Gallen. SGKB is listed on the Swiss stock exchange and the Canton owns 55% of the share capital. SGKB was established in 1868 and employs over 1,100 people.

Related articles: Foreign Banks in Switzerland

Swiss Branches and Subsidiaries of Foreign Banks

Here is list of foreign-controlled banks and branches of foreign banks in Switzerland.

U.S. Banks in Switzerland

Citibank (Switzerland) AG
Address: 2 Quai de la Poste, 1211 Geneve 3
Address: Prime Tower, Hardstrasse 201, 8010 Zurich

Citibank, N.A., Sioux Falls, Zurich Branch

Goldman Sachs Bank AG
Address: Claridenstrasse 25, Zürich, 8021
Phone: 41 44 224 1000

JPMorgan Private Bank
Address: Rue de la Confédération 8, Geneva 1211
Phone: +41 22 744 1111
Address: Dreikönigstrasse 37, Zürich 8002
Phone number: +41 44 567 4500

JPMorgan (Suisse) S.A. is a wealth management firm.
JPMorgan Chase Bank N.A., Zurich Branch

Merrill Lynch Capital Markets AG
Merrill Lynch Derivative Products AG
Address: Stockerhof, Stockerstrasse 23, Zurich 8002
Phone: +41 44 297 7400
Merrill Lynch Bank (Suisse) S.A. was acquired by Julius Bär Group in 2013.

Morgan Stanley & Co. International plc, London, Zurich Branch
Beethovenstrasse 33, CH-8002 Zurich

Morgan Stanley (Switzerland) GmbH
Beethovenstrasse 33, CH-8002 Zurich
Phone: +41 44 588 1000

Morgan Stanley (Switzerland) AG
Bahnhofstrasse 92, Zurich 8021
Phone: 41 44 220 9111

State Street Bank International GmbH, Munich, Zurich Branch
Address: Beethovenstrasse 19, 8027 Zurich
Phone: +41 44 560 5000

UK Banks in Switzerland

Barclays Bank (Suisse) SA
Barclays Capital, Zurich Branch
HSBC Private Bank (Suisse) SA
IG Bank S.A., Geneva
Lloyds Bank plc, Londres, succursale de Genève
RBS Coutts Bank AG
Standard Chartered Bank (Switzerland) SA was closed in 2015.

French Banks in Switzerland

Banque du Léman SA
BNP Paribas (Suisse) SA
Crédit Agricole (Suisse) SA
Société Générale Private Banking (Suisse)
Bank CIC (Switzerland) Ltd - A subsidiary of French Crédit Mutuel Group.
Strateo Geneva (formerly Keytrade Bank (Switzerland)) is a branch of Arkéa Direct Bank SA, a subsidiary of French group Crédit Mutuel Arkéa.

Italian Banks in Switzerland

Banque Profil de Gestion SA, Geneva
Intesa Sanpaolo
Sella Bank AG
UniCredit (Suisse) Bank SA
Banca Popolare di Sondrio (Suisse)

Arab Banks in Switzerland

Arab Bank (Switzerland) Ltd, Geneva
NBAD Private Bank (Suisse) SA
NBK Banque Privée (Suisse) SA
QNB Banque Privée (Suisse) SA
BankMed (Suisse) SA, Geneva
Banque Audi (Suisse) SA, Geneva
BlomBank (Suisse) SA, Geneva

Other Foreign Banks in Switzerland

AXA Bank Europe
Banco Santander (Suisse) SA, Geneva
Bank Hapoalim (Switzerland) Ltd
Bank Leumi (Schweiz) AG, Geneva
Banque Privée BCP (Suisse) SA
Credit Europe Bank (SA), Geneva
Deutsche Bank (Suisse) SA, Geneva
Fortis Banque, SA/NV
Gazprombank (Schweiz) AG, Zurich
IDB (Swiss) Bank Ltd, Geneva
ING Belgique
Investec Bank (Switzerland) AG
Itaú Private Bank, Zürich
Jyske Bank (Schweiz) AG
Kaupthing Bank Luxembourg S.A.
KBL (Switzerland) Ltd, Geneva
LGT Bank (Schweiz) AG, Basel
Mitsubishi UFJ Wealth Management Bank
NCG Banco S.A., succursale de Genève
Nomura Bank (Schweiz) AG
Nordea Bank S.A., Luxemburg, Zürich Branch
Nordea Asset Management Schweiz GmbH
Address: Rämistrasse 31, CH-8001 Zürich
Phone: +41 44 260 8025
Skandinaviska Enskilda Banken, Luxembourg, Geneva branch
United Mizrahi Bank (Schweiz) AG
Sberbank, Zurich
VTB Capital, Zug

Updated as of December 1, 2019.