Switzerland

Since UBS absorbed Credit Suisse in 2023, the SNB's big-bank category comprises a single group. Big banks accounted for 35.4% of the aggregate balance sheet of CHF 3,191.3bn at end-2025, down from 41.2% in 2022, as UBS continued to shrink. The remainder is spread across cantonal banks, the Raiffeisen cooperative group of 208 local banks, regional and savings banks, private bankers, stock exchange banks and 61 foreign-controlled banks. FINMA's register lists 208 licensed banks and 27 branches of foreign banks, while the Raiffeisen banks operate under the licence of Raiffeisen Schweiz.