Banking Barometer 2023

The banking sector makes a vital contribution to the success of Switzerland’s economy and financial centre. The country is one of the world’s leading financial centres and the number one in cross-border wealth management. The events leading up to the takeover of Credit Suisse by UBS caused shifts in customer funds. Overall, however, the banks in Switzerland put in a solid performance in 2022 despite the difficult environment, posting income that was almost stable year-on-year, and the figures for 2023 also bode well despite the challenges that still persist. The Swiss Banking Outlook, published for the first time this year, forecasts an increase in net income and identifies a number of opportunities from which the banks stand to profit.