Bank of Zurich

Switzerland is a prosperous nation with a gross domestic product (GDP) higher than that of some larger western European nations. In addition, the value of the Swiss franc (CHF) has been relatively stable compared to that of other currencies. In 2003, the financial sector comprised an estimated 14% of Switzerland's GDP and employed approximately 180,000 people (110,000 of whom work in the banking sector); this represents about 5.6% of the total Swiss workforce.

Swiss neutrality and national sovereignty, long recognized by foreign nations, have fostered a stable environment in which the banking sector was able to develop and thrive. Switzerland has maintained neutrality through both World Wars, is not a member of the European Union, and was not even a member of the United Nations until 2002.

Currently an estimated one-third of all funds held outside the country of origin (sometimes called "offshore" funds) are kept in Switzerland. In 2001 Swiss banks managed US$ 2.6 trillion. The following year they handled US$400 billion less which has been attributed to both a bear market and stricter regulations on Swiss banking. By 2007 this figure has risen to roughly 6.7 trillion Swiss francs (US$5.7 trillion).

The Bank of International Settlements, an organization that facilitates cooperation among the world's central banks, is headquartered in the city of Basel. Founded in 1930, the BIS chose to locate in Switzerland because of the country's neutrality, which was important to an organization founded by countries that had been on both sides of World War I.

Foreign banks operating in Switzerland manage 870 billion Swiss francs worth of assets (as of May 2006)

ABN AMRO Bank N.V., Amsterdam Zürich
ABN Amro Bank (Schweiz) Zürich
AIG Privat Bank AG Zürich
AKB Privatbank Zürich AG Zürich
AXA Bank Europe, Brüssel, Zweigniederlassung Winterthur Winterthur
Aareal Bank AG, Wiesbaden, Zweigniederlassung Zürich
Adler & Co. Privatbank AG Zürich
Arab Bank (Switzerland) Ltd. Zürich
Atlantic Vermögensverwaltungsbank Zürich
BBVA (Suiza) SA Zürich
BHF-Bank (Schweiz) AG Zürich
BNP Paribas Securities Services, Paris, Succursale de Zurich Zürich
Bank Frey & Co. AG Zürich
Bank Hapoalim (Switzerland) Ltd Zürich
Bank Hugo Kahn & Co. AG Zürich
Bank Julius Bär & Co. AG Zürich-Mülligen
Bank Leumi (Schweiz) AG Zürich
Bank Louis SA Zürich
Bank Morgan Stanley AG Zürich
Bank Sal. Oppenheim jr. & Cie (Schweiz) AG Zürich
Bank Sparhafen Zürich AG Zürich
Bank Thalwil Genossenschaft Thalwil
Bank Vontobel AG Zürich
Bank am Bellevue AG Küsnacht
Bank von Roll AG Zürich
Bank-now AG Horgen
Banque Algérienne du Commerce Extérieur SA Zürich
Banque Du Bois AG Zürich
Barclays Capital, Zurich Branch of Barclays Bank PLC, London Zürich
Bayerische Hypo- und Vereinsbank Aktiengesellschaft, München, Zweigniederlassung Zürich Zürich
Berenberg Bank (Schweiz) AG Zürich
Bezirks-Sparkasse Dielsdorf Dielsdorf
Citibank (Switzerland) Zürich
Citibank, N.A., Las Vegas, Zurich Branch Zürich
Clariden Leu AG Zürich
Clientis Bezirkssparkasse Uster Uster 1
Commerzbank (Schweiz) AG Zürich
Credit Suisse Zürich SKA
DZ PRIVATBANK (Schweiz) AG Zürich
Deka (Swiss) Privatbank AG Zürich
Deutsche Bank Aktiengesellschaft, Frankfurt a.M., Zweigniederlassung Zürich Zürich
Dexia Privatbank (Schweiz) AG Zürich
Dominick Company AG Zürich
Dresdner Bank (Schweiz) AG Zürich
Dresdner Bank Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich Zürich
EFG Private Bank SA Zürich
Eurex Clearing AG Zürich
F. van Lanschot Bankiers (Schweiz) AG Zürich
FCE Bank plc, Brentwood, Zweigniederlassung Schweiz Wallisellen
FIBI Bank (Schweiz) AG Zürich
FIDEURAM Bank (Suisse) SA Zürich
FMCC Finance, Zweigniederlassung Wallisellen der Volvo Auto Bank Deutschland GmbH, Köln Wallisellen
Finter Bank Zürich Zürich
Fortis Banque, SA/NV, Bruxelles, Succursale de Zurich Zürich
GE Money Bank AG Zürich
Goldman Sachs & Co. Bank Zürich
HSBC Guyerzeller Bank AG Zürich
HYPOSWISS Privatbank AG Zürich
Habib Bank AG Zurich Zürich
Habibsons Bank Limited, London Zürich
Hottinger & Compagnie Zürich
ING Bank N.V., Amsterdam, Zürich Branch Zürich
InCore Bank AG Zürich
Investec Bank (Switzerland) AG Zürich
Isbank GmbH, Frankfurt am Main (D), Zweigniederlassung Zürich Zürich
J&T Bank (Schweiz) AG Zürich
JPMorgan Chase Bank Zurich Branch Zürich
Jyske Bank (Schweiz) Zürich
LB (Swiss) Privatbank SA Zürich
LBBW (Schweiz) AG Zürich
Leihkasse Stammheim Oberstammheim
Liechtensteinische Landesbank (Schweiz) AG Zürich
Lienhardt & Partner Privatbank Zürich AG Zürich
Lloyds TSB Bank Plc, London, Zweigniederlassung Zürich Zürich
M. M. Warburg Bank (Schweiz) AG Zürich
Maerki, Baumann & Co. AG Zürich
Mercantil Bank (Schweiz) AG Zürich
Merrill Lynch Capital Markets AG Zürich
Migros Bank Zürich
Mizuho Bank (Schweiz) AG Zürich
Mizuho International plc, London, Zweigniederlassung Zürich Zürich
NPB Neue Privat Bank AG Zürich
NZB Neue Zürcher Bank AG Zürich
Nomura Bank (Schweiz) AG Zürich
Nordea Bank S.A., Luxemburg, Zweigniederlassung Zürich Zürich
Nordkap Bank AG Zürich
P&P Private Bank AG Zürich
Privatbank Bellerive AG Zürich
Privatbank IHAG Zürich AG Zürich
Private Client Bank Zürich
Private Client Partners Zürich
RBC Dexia Investor Services Bank S.A., Esch-sur-Alzette, succursale de Zurich Zürich
RBS Coutts Bank AG Zürich
Rahn & Bodmer Zürich
Raiffeisenbank Guntalingen-Neunforn Guntalingen
Raiffeisenbank Oberembrach-Bassersdorf Oberembrach
Raiffeisenbank Weinland Rheinau
Raiffeisenbank Zürcher Oberland Uster
Raiffeisenbank Züri-Unterland Höri
Raiffeisenbank Zürich Flughafen Kloten
Raiffeisenbank rechter Zürichsee Männedorf
Regiobank Männedorf AG Männedorf
Rothschild Bank AG Zürich
Russische Kommerzial Bank AG Zürich
Rüd, Blass & Cie AG Bankgeschäft Zürich
SIX x-clear AG Zürich
SLB Commercial Bank Zürich
Schroder & Co. Bank AG Zürich
Sella Bank AG Zürich
Skandifinanz Bank AG Zürich
Société Générale, Paris, Succursale de Zurich Zürich
Sparcassa 1816 Gen. Wädenswil
Sparkasse Horgen AG Horgen
Sparkasse Küsnacht ZH Küsnacht ZH
Sparkasse Wiesendangen Wiesendangen
Sparkasse Zürcher Oberland Wetzikon ZH
State Street Bank GmbH, München, Zweigniederlassung Zürich Zürich
Svenska Handelsbanken SA, Luxemburg, Zweigniederlassung Zürich Zürich
UBS AG Zürich
UBS Limited, London, Zweigniederlassung Schweiz, Opfikon Opfikon
UNITED MIZRAHI BANK (Schweiz) AG Zürich
United Bank AG (Zürich) Zürich
VP Bank (Schweiz) AG Zürich
VZ Depotbank AG Zürich
Valartis Bank AG Zürich
ZLB Zürcher Landbank Elgg
Zürcher Kantonalbank Zürich-Mülligen
bank zweiplus ag Zürich

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