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.
Swiss Banking Outlook
In its new Swiss Banking Outlook, the SBA outlines the expected trends in selected macroeconomic and financial market indicators and discusses topics with relevance for Swiss banking. The publication is based on the results of a survey of recognised financial market experts from SBA member institutions.
“The banks posted a very solid performance.”
Martin Hess, Chief Economist