The Biggest Swiss Banks

According to the Swiss National Bank (SNB), the balance sheets of all banks in Switzerland combined totaled a substantial 3200 billion Swiss francs at the end of 2024. In recent years, total assets have declined slightly: at the end of 2021, Swiss banks had total assets of 3,587 billion francs, the highest level ever.

Which are the biggest banking groups in Switzerland?

The Swiss National Bank sorts banks into different categories. The following table shows the combined balance sheets across banks in each category at the end 2024:

Following the takeover of Credit Suisse, UBS is now the only remaining major Swiss bank and is around 57 percent larger than the second-largest banking group, the cantonal banks. Almost 39 percent of the total assets of all Swiss banks are attributable to UBS.

Which are the biggest Swiss banks?

The biggest Swiss bank, as per the end of 2024, is UBS (including the acquired Credit Suisse), with balance sheets worth 1565 billion US dollars. The Zürcher Kantonalbank (ZKB) is the second-largest Swiss bank, with balance sheets worth 203 billion francs.

Other large Swiss banks that serve individuals are Postfinance (112 billion francs), the Migros Bank and the Banque Cantonale Vaudoise (61 billion francs each), the Luzerner Kantonalbank (59 billion francs) and the Basler Kantonalbank (56 billion francs).

Raiffeisen banks are a group of 200 different, independent, banking cooperatives. The biggest Swiss Raiffeisen bank is headquartered in Sion in the canton of Valais. It has a balance sheet of 4.5 billion francs. All Swiss Raiffeisen banks together have combined balance sheets of nearly 273 billion francs, and including the headquarters of Raiffeisen Switzerland, this figure rises to 306 billion francs.

More on this topic:
Swiss bank account and card comparisons
Swiss investment and retirement comparison
Swiss mortgage and loan comparisons