bank

The Swiss banking sector is the key factor in the economy, as it has an international reputation when it comes to the diversity of services offered, competence and sophistication. Swiss banks are typically engaged in various types of activities, in relation with both the private and commercial domain. Switzerland is considered to be the world leader in private banking.

Swiss banking

The role of the Swiss central bank is held by the Swiss National Bank (SNB), with Union Bank of Switzerland and Credit Suisse being the two major banks in the country.

Banks are part of Swiss culture since 16^th century, therefore there is no surprise that the Swiss banking system is one of the biggest strengths of the country. The Swiss banking system is different than other European banking systems because it is based on the universal banking concept. This concept refers to offering all the banking services both commercial and investment. This is so that the risk to be spread over a greater number of business and customers.