There are 250 banks operating in Switzerland including two big banks, 24 cantonal banks, 62 regional and savings banks, 43 stock exchange banks, 6 private banks, Raiffeisen banks and 99 subsidiaries 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

Updated as of December 1, 2019.