Banking - Switzerland

  • Switzerland
  • In Switzerland, the Banking market is expected to witness a significant growth in Net Interest Income, with projections indicating a figure of US$87.83bn in 2024.
  • Among various players in the market, Traditional Banks are set to dominate, with a projected market volume of US$56.90bn in the same year.
  • Looking ahead, the Net Interest Income is anticipated to exhibit a steady annual growth rate of 3.73% (CAGR 2024-2029), resulting in a market volume of US$105.50bn by 2029.
  • In a global context, it is noteworthy that China is expected to generate the highest Net Interest Income, with a projected figure of US$4,332.0bn in 2024.
  • Switzerland's banking market continues to thrive, with its long-standing reputation for stability and privacy attracting high net worth individuals and multinational corporations.

Key regions: United States, China, Japan, Brazil, United Kingdom

 
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Analyst Opinion

Switzerland, known for its strong financial industry, has a highly developed banking market that caters to a diverse range of customers.

Customer preferences:
Swiss customers in the banking sector value privacy, security, and personalized services. They prefer traditional banking institutions with a long-standing reputation for stability and reliability. Additionally, there is a growing interest in sustainable and socially responsible banking practices among customers in Switzerland.

Trends in the market:
One noticeable trend in the Swiss banking market is the increasing adoption of digital banking services. Traditional banks are investing in digital transformation to meet the changing needs of customers who seek convenience and efficiency in their banking transactions. Another trend is the rise of fintech companies offering innovative solutions in areas such as payments, wealth management, and peer-to-peer lending, challenging traditional banks in the market.

Local special circumstances:
Switzerland's position as a global financial hub and its reputation for financial stability attract a significant amount of foreign capital into its banking sector. The country's strict regulations and adherence to international banking standards contribute to the overall trustworthiness of Swiss banks. Moreover, the presence of private banks that specialize in wealth management services for high-net-worth individuals sets Switzerland apart in the global banking landscape.

Underlying macroeconomic factors:
The stable Swiss economy, low unemployment rate, and high per capita income levels provide a solid foundation for the banking sector to thrive. The country's political neutrality and sound regulatory framework also contribute to a favorable business environment for banks. Additionally, Switzerland's strategic location in the heart of Europe and its strong network of international trade relationships support the growth of its banking market.

Methodology

Data coverage:

Data encompasses B2B and B2C enterprises. Figures are based on Net Interest Income, Bank Account Penetration rate, the value of Deposits, the number of depositors, the value of Loans, the number of borrowers, Credit Card Interest Income, the number of ATMs as well as the number of Bank Branches.

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data provided by the IMF, World Bank and the annual reports of the top 1000 Banks by asset size. Next we use relevant key market indicators and data from country-specific associations such as GDP, deposit interest rates, lending interest rates or bank account penetration rates. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast financial services for digital as well as traditional products and services.

Additional Notes:

The market is updated twice per year in case market dynamics change.

Overview

  • Net Interest Income
  • Analyst Opinion
  • Users
  • Deposits
  • Loans
  • Credit Card Interest Income
  • Mobile Banking
  • ATMs & Bank Branches
  • Methodology
  • Key Market Indicators
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