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PDF Banks in Switzerland 2019 Banks in Switzerland 2019 Banks in Switzerland 2019 Volume 104 Contents Page Banks in Switzerland 2019 5 1 Number of banks 9 2 Balance sheet 10 Balance sheet total 10 Assets 14 Liabilities 16 3 Derivative financial instruments 18 4 Fiduciary transactions 20 5 Securities holdings in bank custody accounts 22 6 Income statement as well as appropriation of profit and coverage of losses 26 Summary 26 Result from interest operations 26 Result from commission business and services 27 Result from trading activities and the fair value option 27 Other result from ordinary activities 27 Personnel expenses as well as general and administrative expenses 27 Depreciation, value adjustments and provisions 27 Operating result 28 Extraordinary income and extraordinary expenses 28 Result of the period (profit/loss) 28 7 Number of staff 31 8 Average rate of interest and distribution by rate of interest 32 Banks in Switzerland 2019 3 Banks in Switzerland 2019 This publication contains data on the individual financial statements of banks (parent companies) as required by law. In the case of the big banks, in particular, these statements may deviate from the group financial statements. The breakdown of the banks’ balance sheets and income statements is subject to the accounting rules issued by FINMA for banks, securities dealers, financial groups and conglomerates (ARB, FINMA-Circ. 15/01). Rounding diffeRences The figures used in the text, tables and charts have been rounded. The use of such rounded figures in calculations (totals, balances, rates of change, proportions) may therefore result in deviations from the exact values. Table 1 KEY FIGURES 2019 2019 2018 1 Year-on-year change Number of banks 246 248 – 2 Balance sheet total (in CHF millions) 3 317 638 3 225 003 + 2.9% Operating result (in CHF millions) – 2 209 12 780 – 117.3% Result of the period 2 (profit / loss, in CHF millions) 752 11 512 – 93.5% Fiduciary transactions (in CHF millions) 196 988 160 039 + 23.1% Securities holdings in bank custody accounts 3 (in CHF millions) 6 780 092 5 849 280 + 15.9% Number of staff (in full-time equivalents) 106 084 107 388 – 1 304 1 Figures may have been revised since their inclusion in last year’s publication. 2 Individual banks' profits and losses are offset against each other. 3 At offices in Switzerland. Securities held by branches abroad are not included. Source: SNB Banks in Switzerland 2019 5 Table 2 KEY FIGURES bY banK catEGory 2019 Number of Balance sheet Operating Result of Fiduciary Number of banks total result the period transactions staff 2 (profit / loss)1 In CHF millions In CHF millions In CHF millions In CHF millions In full-time equivalents All banks in Switzerland 2015 266 3 026 117 6 857 15 788 114 016 123 890 2016 261 3 101 375 7 913 7 908 120 429 120 840 2017 253 3 249 443 11 323 9 767 138 248 108 939 2018 248 3 225 003 12 780 11 512 160 039 107 388 2019 246 3 317 638 – 2 209 752 196 988 106 084 Cantonal banks 2015 24 537 441 3 253 2 741 1 160 17 360 2016 24 553 231 3 312 2 783 1 157 17 294 2017 24 575 343 3 585 2 936 1 226 17 322 2018 24 600 318 3 735 2 934 1 807 17 357 2019 24 626 727 3 834 3 196 2 088 17 585 Big banks 2015 3 1 424 231 667 10 175 17 984 53 016 2016 4 1 454 808 592 1 793 26 388 50 399 2017 4 1 566 435 3 216 3 161 33 185 38 307 2018 4 1 520 781 4 742 4 913 41 698 37 050 2019 4 1 540 711 – 9 918 – 5 581 68 325 35 549 Regional and savings banks 2015 62 113 076 554 422 25 3 836 2016 62 116 141 570 418 22 3 845 2017 62 118 131 579 417 26 3 855 2018 60 120 283 551 409 30 3 915 2019 60 126 317 607 439 30 3 978 Raiffeisen banks 2015 1 202 412 913 727 2 8 807 2016 1 215 262 840 736 15 8 868 2017 1 225 253 1 081 894 12 9 079 2018 1 225 333 699 541 20 9 215 2019 1 248 345 930 835 17 9 295 Stock exchange banks 2015 44 210 049 155 314 39 091 14 010 2016 43 226 300 1 187 1 103 39 586 14 838 2017 43 223 990 1 449 1 155 43 409 15 210 2018 43 228 729 1 552 1 521 50 702 15 723 2019 42 223 697 1 294 1 108 58 114 15 572 6 Banks in Switzerland 2019 Number of Balance sheet Operating Result of Fiduciary Number of banks total result the period transactions staff 2 (profit / loss)1 In CHF millions In CHF millions In CHF millions In CHF millions In full-time equivalents Other banking institutions 2015 14 198 580 1 079 856 1 793 7 933 2016 14 205 693 1 221 946 1 610 7 849 2017 14 209 474 903 711 1 687 7 749 2018 14 209 730 832 664 1 936 7 672 2019 16 223 743 185 34 2 136 7 866 Private bankers 2015 7 6 699 51 48 1 158 614 2016 6 5 942 62 43 1 131 519 2017 6 6 198 78 50 1 346 531 2018 5 6 323 64 63 1 633 523 2019 5 5 753 95 66 1 896 534 Foreign-controlled banks 2015 85 260 962 – 1 416 52 137 17 231 2016 81 248 080 – 230 – 142 50 188 16 131 2017 76 231 299 74 226 57 117 15 809 2018 74 222 561 214 235 61 861 14 805 2019 71 224 190 495 482 64 065 14 560 Branches of foreign banks 2015 26 72 667 187 88 666 1 084 2016 26 75 919 360 228 332 1 096 2017 23 93 320 359 217 240 1 079 2018 23 90 944 389 232 353 1 129 2019 23 98 153 270 172 316 1 145 1 Individual banks' annual profit and annual loss are offset against each other. 2 Part-time jobs, apprenticeships and trainee posts are weighted. Source: SNB Banks in Switzerland 2019 7 1 Number of banks The number of banks in Switzerland declined by two One foreign-controlled bank was reclassified and is now in 2019, from 248 to 246. allocated to the stock exchange banks category. Two new banks were established in the other banking institutions category. Two stock exchange banks and one foreign-controlled bank were acquired by other institutions. Additionally, one foreign-controlled bank lost its status as a bank. Table 3 Number of banks Total at Additions Change of Removals Total at 31.12.2018 bank category 31.12.2019 (reclassification) Cantonal banks 24 24 Big banks 4 4 Regional and savings banks 60 60 Raiffeisen banks 1 1 Stock exchange banks 43 +1 2 42 Other banking institutions 14 2 16 Private bankers 5 5 Foreign-controlled banks 74 – 1 2 71 Branches of foreign banks 23 23 Total 248 2 4 246 Source: SNB Chart 1 number of banks By bank category Number 350 300 250 200 150 100 50 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Cantonal banks Raiffeisen banks Private bankers Big banks Stock exchange banks Foreign-controlled banks Regional and savings banks Other banking institutions Branches of foreign banks Source: SNB Banks in Switzerland 2019 9 2 Balance sheet Balance sheet total Chart 2 balance sheet total, by bank category, 2019 In 2019, the aggregate balance sheet total for all banks in Switzerland rose by 2.9% or CHF 92.6 billion to CHF 3,317.6 billion. While stock exchange banks (CHF – 5.0 billion or – 2.2%) and private bankers (CHF – 0.6 billion or – 9.0%) posted declines in their balance sheet totals, all other categories recorded increases, in particular the cantonal banks (CHF 26.4 billion or 4.4%), Raiffeisen banks (CHF 23.0 billion or 10.2%) and big banks (CHF 19.9 billion or 1.3%). Both the domestic and foreign components recorded an increase in assets and liabilities alike. Cantonal banks 18.9% Big banks 46.4% As regards the currency breakdown, domestically there Regional and savings banks 3.8% Raiffeisen banks 7.5% were increases in particular in assets and liabilities in Stock exchange banks 6.7% Swiss francs, with the former CHF 78.8 billion or 4.3% Other banking institutions 6.7% higher and the latter up CHF 66.7 billion or 4.2%. In Private bankers 0.2% the foreign component, assets denominated in US dollars Foreign-controlled banks 6.8% rose by CHF 3.7 billion or 0.5% and precious metals Branches of foreign banks 3.0% assets were CHF 2.9 billion or 106.9% higher. As regards Total: CHF 3,317.6 billion foreign liabilities, there were increases in particular in Source: SNB stocks denominated in US dollars and Swiss francs, which rose by CHF 16.4 billion or 2.5% and by CHF 16.0 billion or 8.7% respectively. 10 Banks in Switzerland 2019 Chart 3 Chart 4 assets, by currency, 2019 liabilities, by currency, 2019 Swiss franc 60.4% Swiss franc 56.3% US dollar 22.8% US dollar 25.2% Euro 7.4% Euro 10.4% Yen 1.6% Yen 1.4% Other currencies 7.0% Other currencies 6.1% Precious metals 0.7% Precious metals 0.7% Total: CHF 3,317.6 billion Total: CHF 3,317.6 billion Source: SNB Source: SNB Chart 5 assets and liabilities, domestic and foreign, 2019 By bank category Cantonal banks Big banks Regional and savings banks Raiffeisen banks Stock exchange banks Other banking institutions Private bankers Foreign-controlled banks Branches of foreign banks 0 250 500 750 1 000 1 250 1 500 1 750 CHF billions Domestic assets Foreign assets Domestic liabilities Foreign liabilities Source: SNB Banks in Switzerland 2019 11 Table 4 aSSEtS In CHF millions Domestic Foreign Total 2019 Year-on-year 2019 Year-on-year 2019 Year-on-year change change change Liquid assets 497 285 + 6.0% 45 655 + 12.4% 542 940 + 6.5% Amounts due from banks 93 472 + 10.8% 158 924 + 1.2% 252 396 + 4.6% Amounts due from securities financing transactions 19 461 + 5.5% 177 727 – 5.8% 197 188 – 4.8% Amounts due from customers 171 130 + 4.0% 448 038 + 2.6% 619 168 + 3.0% Mortgage loans 1 042 641 + 3.2% 22 082 + 1.9% 1 064 723 + 3.2% Trading portfolio assets 33 303 + 14.1% 174 589 + 19.8% 207 892 + 18.8% Positive replacement values of derivative financial instruments 9 592 – 1.9% 27 435 – 9.6% 37 028 – 7.7% Other financial instruments at fair value 1 553 + 19.1% 3 933 + 16.2% 5 486 + 17.0% Financial investments 91 987 + 3.5% 133 161 – 6.9% 225 149 – 2.9% Accrued income and prepaid expenses 4 150 – 0.4% 4 536 – 5.5% 8 687 –
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