Foreign-Controlled Bank

In Switzerland, the designation foreign controlled bank applies to banks which operate in Switzerland but are owned primarily by foreign shareholders (50% or more). This category also extends to Swiss branches of foreign banks.

More than 20 foreign-controlled banks operate in Switzerland. The majority of these are private banks, although a number of Swiss retail banks also fall into this category.

In order to qualify as a Swiss foreign-controlled bank, the bank must have a physical presence and employees in Switzerland. Like other Swiss banks, foreign-controlled banks participate in the Esisuisse depositor protection scheme, are regulated by Finma and are subject to the laws laid out in the Swiss Federal Act on Banks and Savings Banks – including the maintenance of bank customer secrecy.

Foreign-controlled banks are included in the interactive moneyland.ch banking comparisons.

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