Anyone without hesitation will name three things with which Switzerland is associated with him. This, of course, cheese, watches, and, of course, cans. In terms of reliability, financial institutions in Switzerland are ahead of the whole world, and opening an account with a Swiss bank will take from 1 to 7 days. We dive briefly into the world of finance, and make a rating of the most reliable Swiss banks.
1
Postfinance
The banks with the highest reliability in Switzerland include cantonal banks, but the financial institution PostFinance has been proud for several years - the most reliable bank in Switzerland.
It was founded in 1906, and its headquarters is in Bern. The main activity of a postal bank is the implementation of national and international payments.
In recent years, Switzerland's largest retail financial institution has been expanding its activities in the field of savings insurance, pensions and real estate.
2
UBS Group AG
Switzerland's largest financial holding, headquartered in Zurich, makes payments worldwide. Large offices also operate in London and New York.
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The UBS Group AG was founded in 1862, and in 2014 it was transformed into a holding. In 2011, the financial group was included in the TOP-30 of the most systemically important banks in the world. This primarily requires special control and responsibility when working with capital.
In early 2018, the holding was awarded the World’s Best Private Banks Awards as the best private bank.
3
Credit suisse
On Paradeplatz Square in Zurich is the beautiful building of the head office of Credit Suisse Group, one of the leading companies in Europe.
It dates back to 1856, and initially acted as a credit institution in partnership with the reliable German bank Allgemeine Deutsche Credit-Anstalt.
In 2015, Credit Suisse was transformed into a large financial holding company, with branches throughout the world.
4
Raiffeisen
One of the most reliable banks with the “AA” indicator, is best known to the Russians, since since 1996 its branch has been operating in Russia.
Switzerland's largest financial group, Raiffeisen Group, dates back to the end of the 19th century, and over the past few years has significantly increased its share in the global financial system.
Performance indicators and the amount of capital indicate that Raiffeisen is the largest foreign financial group in the Russian Federation.
5
Lombard odier
Founded in 1796 with headquarters in Geneva, Lombard Odier is today one of the largest private banks in Europe (TheBiggest.ru wrote about the largest of them in a separate article). Originally called “Hy Hentsch & Cie Henri Hench” and served mainly the mining industry.
Since 2011 it has been called “Lombard Odier & Co” and is positioning itself as the best financial institution in promoting a family business model.
In addition, Lombard Odier & Co holds many charity events and finances activities for training youth in entrepreneurship and the basics of financial activities.
6
Edmond de rothschild
The international family independent group Edmond de Rothschild began its activities in Paris in 1956, and today 77% of the capital is owned by the Swiss parent company.
In Switzerland, the group’s management structure employs 2,700 people, and bank branches work in 33 countries.
The capital and activities of the financial group ensures high reliability of deposits for both individuals and legal companies, and investment activity over the past three years has grown by 32%.
7
Pictet
The Swiss multinational financial private company was founded in 1805, and its headquarters is located in the capital city of Geneva.
The structure of the group employs 4,200 employees, including 900 investment managers. The company network consists of 27 offices, of which the largest branches outside the country are located in Hong Kong, Singapore and Luxembourg.
In recent years, the level of capital significantly exceeded the levels required by Swiss regulators, which made the bank one of the most reliable and dynamically developing financial groups.
8
Union Bancaire Privée
A fairly young bank, founded in 1969, quickly found its place in the financial system of Switzerland and around the world.
Recent data showed that it is the highest paid bank, under whose management there is a capital of 128.4 billion Swiss francs.
To expand the sphere of influence, the bank's management hired specialists who developed the geography of the location of branches in order to get the highest profit. This allowed to significantly optimize the work of UBP.
9
Julius Baer
Better known as Julius Baer Group Ltd, the bank is one of Switzerland's oldest and largest private financial companies.
It was founded in 1890, and received its current name in 1974. At that time, its authorized capital was 14 million Swiss francs.
In the 21st century, Julius Baer significantly expanded its international investment activity, and investors trust this particular bank because of its high and stable liquidity ratios.
10
Vontobel
The investment bank, headquartered in Zurich, began its financial activities in 1924. Vontobel provides investment banking services for both individuals and large companies.
Vontobel branches are located in 22 countries, and the main block of shares belongs to the family and the Vontobel Foundation of the same name. The structure itself consists of three parts - money management, investment banking and, in fact, asset management.
The financial company is mainly focused on working with European clients, but in recent decades it has intensified in the Asian region and in the USA.
Credit rating
It is worth presenting the credit rating of Swiss banks, based on a study of leading monitoring companies, and as you can see, mainly cantonal banks are leading.
Cantonal Bank of Aargau / Aargauische Kantonalbank
Founded in 1913 in the town of Argau, the bank today has an AA + rating on credit ratings. Thirty-one branches of Aargauische Kantonalbank, operating across the country, employ 690 employees.
Actively supports small and medium-sized businesses, and a controlling stake, as in most similar institutions. Belongs to the leadership of the canton.
Geneva Cantonal Bank / Banque Cantonale de Geneve
The bank was founded in 1861, and it acquired its current structure in 1994 as a result of the merger of CEG Genève and the cantonal bank of Geneva.
He firmly occupied his niche in working with small and medium-sized companies, which guarantees him constant financial stability. The bank management, according to the financiers, correctly chose the strategy, which allows it to develop dynamically.
Cantonal Bank Vaudoise
Banque Cantonale Vaudoise in the French-speaking canton of Vaud is one of the five universal financial institutions in the country, and by capital it is on the second line of the rating among all cantonal banks.
It was founded in 1845, and specializes mainly in long-term lending. A controlling stake of approximately 67% belongs to the leadership of the canton of Vaud.
Bank Zutz & Co / Banque Syz & Co SA
Perhaps the youngest financial company in Switzerland, founded in 1996, but already firmly established among the leaders. Experts rate the bank as one of the most promising.
The capital at the beginning of 2018 amounted to 37.2 billion Swiss francs, and each year in Europe, new branches of Banque Syz & Co SA open.
Cantonal Bank of Basel-Land / Basellandschaftliche Kantonalbank
A bank with such a long name is based in the city of Liestal, and began its activities in the distant 1864. Branches operate not only in the canton, but also in other parts of Switzerland.
The authorized capital of the bank is 217 million Swiss francs, of which the majority belongs to the government of the canton of Basel-Terrain.
Confirmation of the reliability of Swiss banks and interesting facts about them
- Most Swiss financial institutions have the highest reliability rating AA + and AAA.
- The banking system of this European country is the oldest in the world, and the first financial organizations began their activity back in the Middle Ages.
- There is one bank for 1,500 residents of Switzerland, and there are more than 500 of them.
- Swiss banks cover 40% of the global management of property and property of legal entities and individuals.
- During a large-scale audit of unclaimed deposits carried out by financial offices, Kartonal Bank discovered an account of Vladimir Ilyich Lenin, which stores 13 francs (approximately 238 rubles).
- The British Foreign Ministry recently found out that one of the banks in Switzerland still contains the contribution of the Nazis of the Third Reich, in the amount of about 3 to 4 billion dollars.
- Swiss banks keep a secret of deposits starting in 1713, and under no circumstances can they violate it.
- The latter fact applies to all bankers. The Pope in 1179 placed bankers outside the church, forbidding them to receive communion and confession. By the way, no one canceled the decree.
- The Swiss trading company Glencore International AG is today included in the list of the largest world companies.
We hope that we have managed to explain why Swiss banks are the most reliable and trusted by a large number of financiers and businessmen. Now you can even open an account in a Swiss bank via the Internet, so making a deposit has become easier. In addition, on the Internet, there are many companies that offer to open an account in a Swiss bank for Russians. The rating of Swiss banks in the global financial system and the number of depositors shows that they are indeed the most reliable. People from all over the world keep their savings here: Arab sheikhs and Russian oligarchs, to the richest musicians of the world, as well as the ordinary population of Europe.
Article author: Valery Skiba