Swiss Bank Vaults Swell From Geopolitical Tensions

(MENAFN- Swissinfo) Assets managed by Swiss banks reached record levels in 2024, fuelled by an influx of foreign clients escaping geopolitical uncertainties. This content was published on August 28, 2025 - 11:19 2 minutes Keystone-SDA

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According to a statement issued by the Swiss Bankers Association on Thursday, assets managed by 230 Swiss banks rose by 10.6% to CHF9,284 trillion last year. Of this total, CHF4,225 trillion was attributable to foreign clients and CHF5,059 trillion to domestic clients.

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Assets from abroad were 10% higher than in the previous year. Switzerland thus remained the world leader in cross-border wealth management for private clients.

Experts surveyed by the Swiss Bankers Association attributed the growth primarily to geopolitically motivated capital inflows, as Switzerland once again proved its role as a safe haven. Political stability, legal certainty and a stable currency were cited as key factors in Switzerland's attractiveness as a business location.

According to the experts' estimates, cross-border wealth management is likely to continue to grow in 2025. The Swiss Banking Outlook expects growth in the range of 2.5% to 5%. According to the outlook, the inflow of new money will be fuelled in particular by geopolitical risks and uncertainties in the United States.

More More Swiss private bank vaults house CHF3.4 trillion

This content was published on Jun 27, 2025 In 2024, Swiss private banks managed a record CHF3.4 trillion of assets.

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