Switzerland remains one of the leading financial centres globally. Its strong financial services, economic, and political stability is the basis upon which the trust of businesses is built. With over 250 banks, 1,800 pension funds, 200 insurance companies, and up to 97 foreign-owned banks, Switzerland thrives in providing exceptional financial services.
The Swiss financial sector is the foundation of the Swiss economy generating about 10% of the country’s GDP. Switzerland has implemented global principles for taxes, inhibition of money laundering and financing for terrorists, while maintaining financial stability in the market.
The Swiss banking system adopts the universal banking principle. They offer all traditional banking services like savings and current accounts, and a vast range of financial products and services for both corporate and private clients. Banks also provide different kinds of short and long-term loans.
In addition to the Country’s Swiss francs, most of the banks offer accounts in foreign currencies like U.S dollars, Euros, etc. Many of them also do not set a minimum deposit amount for normal current or savings accounts. Most importantly, the Swiss interest rate is relatively low compared to other countries. Hence, businesses and investment activities can be affordably financed.
Another important finance sector is the insurance. With its vast value-added, the insurance companies contribute significantly to Switzeland’s economic performance. The most important financial centers are Zurich and Geneva, both of which have an international reputation, with Lugano in third place.
The four most important factors that distinguish the Swiss Financial System from the rest of the world are:
Edelweiss Panorama International is dedicated to providing a wide range of professional and innovative financial services. Our integrated solutions and industry expertise allow us to understand the unique business needs of each client. From insurance and banking to securities distribution and wealth management, our dedicated team of financial experts serves all major sectors of the industry. We provide general Investment Advices and also work with leading institutions in the Corporate Finance and Investment Banking, Asset-Management, among others. Edelweiss Panorama International will keep you focused on a more sustainable future of financial services.