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Banking Barometer 2025 (Swiss Bankers Association)

ReportSwiss Bankers AssociationAugust 202544 pages66 min readOriginal source
Key number
CHF 9 284,0 milliards
Total assets under management in Switzerland p.32
Largest segment
38,2 %
Mortgage claims share of total assets p.5
What changed
-3,5 % %
Consolidated operating result growth p.4

Summary

  • In 2024, Swiss real gross domestic product (GDP) growth slowed to 1,0 %, while the State Secretariat for Economic Affairs (SECO) forecasts a slight recovery to 1,3 % for 2025.p.3
  • The Swiss National Bank (SNB) lowered its key policy rate to 0,5 % in December 2024 and to 0,0 % on 19 June 2025.p.3
  • The consolidated operating result of banks in Switzerland declined by 3,5 % to CHF 69,8 milliards in 2024, while net annual profit dropped by –31,7 % to CHF 17,7 milliards.p.4
  • Assets under management in Switzerland reached an all-time high of CHF 9 284,0 milliards in 2024, reflecting an increase of 10,6 % compared to 2023.p.32
  • Total consolidated balance sheet assets of all banks in Switzerland grew by 1,3 % to CHF 3 219,1 milliards, with mortgage claims remaining the largest asset category at 38,2 %.p.5
  • Banking sector employment in Switzerland increased by 1 048 full-time equivalents (+1,1 %) in 2024 to reach a total of 94 347 staff members at year-end.p.5

Key insights

  1. Switzerland implemented the final Basel III framework in January 2025 ahead of the EU, UK, and US, temporarily placing Swiss banks at a competitive disadvantage.p.4
  2. The net interest margin for domestic-oriented banks compressed by 8 % during 2024, reaching 1,02 % by the end of the year.p.4
  3. Income from trading operations jumped by 38,4 % to reach CHF 15,1 milliards in 2024, supported by high stock market volatility.p.16
  4. Cantonal banks and stock exchange banks contributed positively to consolidated sector performance, whereas large banks saw their overall consolidated result decline.p.4
  5. Domestic mortgage claims grew by 2,5 % to CHF 1 208,6 milliards in 2024, with cantonal banks holding the largest market share at 40,1 %.p.23
  6. Customer deposits grew by 5,3 % in 2024 and accounted for more than half (58,8 %) of total bank balance sheet liabilities.p.29
  7. Switzerland maintained its leading position in global cross-border private wealth management with CHF 2 427,0 milliards in managed assets.p.35
  8. Employment outlook surveys show that 96,0 % of respondent member banks expect stable or rising headcount in Switzerland through late 2025.p.6

Topics and entities

DACHEuropeGlobalSwitzerlandBankingRegulationCredit SuisseEuropean Central BankFederal ReserveFINMARaiffeisenState Secretariat for Economic AffairsSwiss Bankers AssociationSwiss Federal CouncilSwiss National BankUBS

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