Open a bank account in Switzerland

Banks are part of Swiss culture since 16th century, therefore there is no surprise that the Swiss banking system is one of the biggest strengths of the country. The Swiss banking system is different than other European banking systems because it is based on the universal banking concept. This concept refers to offering all the banking services both commercial and investment. This is so that the risk to be spread over a greater number of business and customers.

Banking and finance in Switzerland

The Swiss banking sector is the key factor in the economy, as it has an international reputation when it comes to the diversity of services offered, competence and sophistication. Swiss banks are typically engaged in various types of activities, in relation with both the private and commercial sector. Switzerland is considered to be the world leader in private banking.