Strategy Switzerland and Credit Suisse

Switzerland and Credit Suisse

This section provides interested parties and stakeholders with information regarding political, social and environmental issues relevant to Credit Suisse.

Financial Market Policy

Swiss financial market policy is designed to improve the competitiveness of the financial center and maintain its security. Changes in the international environment also exert their influence on Swiss framework conditions. Specific packages of measures are aimed at optimizing the framework conditions for the Swiss financial center under internationally accepted norms.

The Swiss federal government's report on international financial and tax matters published in March 2016 provides a detailed overview of its goals in the current year. Some of these goals are described briefly below:

The federal government is committed to an automatic exchange of information (AEOI) on tax matters that takes into account the principle of speciality, i.e. it ensures that the information transmitted is only used for tax purposes. It is planned that the network of AEOI partner countries should continue to grow.

With the Corporate Tax Reform III, Switzerland intends to comply with the international standards defined by the OECD and to counteract profit shifting and erosion of the tax base.

In addition, Switzerland is aiming to ensure improved market access to select (mainly European) partner countries; this is designed to improve cross-border legal security in the form of bilateral negotiations.

In selected areas (e.g. in the insurance business), the aim is to create a regulatory system that is equivalent to the EU.

The regulation of systemically important banks remains on the agenda for the federal government, as in the last few years. The corresponding "too-big-to-fail" provisions here are to be aligned with international standards.

The federal government also intends to continue participating actively in international discussions and safeguarding the interests of Switzerland in international organizations.

"Switzerland should continue to enjoy the best framework conditions for a secure, competitive financial center, and the financial center should contribute significantly to prosperity in Switzerland in the future too." – Federal Councillor Ueli Maurer, Report on international financial matters 2016.

More Information:

Report on international financial and tax matters, SIF 2016

The global financial crisis has led to increased legislative and regulatory activity worldwide. Among the most important objectives of a sound financial market regulation we can count: the protection of individuals (creditors, investors and insured persons); the stability of the financial system; and the guarantee that the financial markets can continue to function even in a crisis situation.

An overview over the international institutional framework is provided in the following document: Financial Regulation and Supervision (PDF | 1.5 MB)

Switzerland and Credit Suisse

News stories about unstable financial markets and the debt crisis are unsettling for business and society. Reliability, responsibility, and security are now more important than ever. Credit Suisse has upheld such values for 160 years. We are strongly rooted in Switzerland, even though we have long since become a bank with global operations.

One in three businesses and a large number of Swiss people choose to bank with Credit Suisse. We are one of the country's largest providers of jobs and training places. We are also a key purchaser of goods and services, as well as a major taxpayer.

Number of Employees per Division

Attractive Employer and Provider of Training Places

1 in 7

The financial center is of fundamental importance to Switzerland. Roughly one out of every seven employees in the banking sector works for us


Training places and internships offered by Credit Suisse to apprentices, students, as well as high school and university graduates 


People employed by Credit Suisse, making us one of the largest employers in Switzerland

Capital Strength for Stability and Security

Credit Suisse has a strong capital base*:


Swiss total capital ratio


BIS common equity tier 1 ratio: further improved ability to absorb potential losses

* Basel III look-through basis 

Purchaser and Builder-Owner in Switzerland

Purchaser and Builder-Owner in Switzerland

Taxes and Contributions to the Community


total taxes on earnings and capital, plus social insurance contributions, paid by Credit Suisse, and including taxes on the income of employees in Switzerland in 2015 (CHF)

Credit Suisse is noted for the high quality of its advisory services and expertise, making it a strong partner for 1.6 million private and 100,000 corporate clients. Mutual trust is the basis for lasting success.

A Mortgage Bank to Build On

A Mortgage Bank to Build On

Consistently High Credit Volume

Consistently High Credit Volume

Customized Advice is Increasingly Important

Every day 2,060 relationship managers at our 184 branches ensure that the individual needs of about 30,000 clients are optimally met.

Small, Medium-Sized and Large Enterprises Promoting Innovation and Prosperity across Generations

By financing the innovation and growth plans of Swiss businesses, Credit Suisse promotes economic growth and the creation of new jobs. We understand the complex needs of businesses operating in the domestic market and worldwide.

Small, Medium-Sized and Large Enterprises Promoting Innovation and Prosperity across Generations

Capital for Swiss SMEs

32 bn

in loans granted by Credit Suisse to Swiss SMEs (CHF)

100 mn

in venture capital provided in collaboration with the Swiss Venture Club to support the development of innovative SMEs. One of the goals of this wholly-owned subsidiary of Credit Suisse is to improve the job situation in Switzerland (CHF)


employees work at the 36 Swiss companies in the SVC Ltd. portfolio (total investment of CHF 80 mn, as of the end of 2015)

More Information:

SVC Risk Capital

Actively Combating Youth Unemployment

Switzerland's future is important to Credit Suisse. That’s why we are committed to nurturing artistic and sporting talent in young people, as well as combating youth unemployment. We foster our own talented young individuals and support employees who undertake voluntary work in their community or stand for political office.

Up to 30 mn

provided by Credit Suisse for the initiative "Together We Can Tackle Youth Unemployment" since 2010 (CHF)


young people have received a bank-sponsored training or individual support program


participants have been invited to take up permanent employment at the end of their program. In total, 70 percent of program participants have embarked on a career or further training


young adults work for us as apprentices, as interns during their studies, or as high-school or university graduates


was the year in which Credit Suisse began compiling its representative Worry Barometer. Since 2010, this has been complemented by the publication of the Youth Barometer, which provides an insight into the lifestyles, problems, and attitudes of young people

Commitment to the Community

Commitment to the Community

Key Partnerships

Sports Culture
  • Swiss Football Association
  • Kunsthaus Zürich
  • Credit Suisse Sports Awards
  • Zurich Opera House
  • Omega European Masters, Crans-Montana
  • Lucerne Festival
  • White Turf, St. Moritz
  • Kunstmuseum Basel
  • Roger Federer
  • Orchestre de la Suisse Romande
  • LAC Lugano Arte e Cultura
  • Fondation Pierre Gianadda
  • Zurich Film Festival
  • Kunstmuseum Bern

More Information:


Credit Suisse achieved greenhouse gas neutrality in Switzerland in 2006 – the country's first major company to do so – and in its worldwide operations in 2010. We are committed to the sustainable use of natural resources, and consider environmental concerns in our products and business partnerships.

Responsibility for the Environment: Sustainable Use of Natural Re-sources

Financial Center Switzerland

In the Swiss economy, one in ten francs is earned in the financial sector. With gross value created totaling CHF 61 billion, banks and insurance companies are among the most important sectors. More than 215,000 people – 6% of all employees – work in the financial sector.

In 2015, there were approximately 215,000 full-time positions occupied in the financial sector. This represents six percent of total employment in the secondary and tertiary sectors. The financial center also generates jobs through direct, indirect, and induced effects in the Swiss economy.

Jobs in the Swiss financial sector, in full-time equivalents (FTEs)

Jobs in the Swiss financial sector, in full-time equivalents (FTEs)

Source: SIF 2016

Loans are important for many SMEs in order to finance their operations. If companies are unable to furnish securities for this purpose, banks can issue unsecured loans. Credit Suisse is one of the top providers of unsecured loans, thus evidencing its risk tolerance.

Other banking services that are available to SMEs include company formation, payment products, special financing products (e.g. leasing, factoring, interest-rate hedging, structured finance), foreign exchange transactions, trade finance, export finance, pension solutions, and succession planning.  Banks also offer SMEs products that can be used to invest non-operational assets. The options depend on the period for which the assets will be available and the level of risk that the business wants to take on.

More Information

Banking Services for SMEs

The tax contribution of the financial sector in favor of the federal government, cantons, and municipalities consists of direct effects from the taxation of income and profits, indirect effects from upstream value creation levels and employee consumption, as well as the taxation of financial services. This includes value added tax, stamp tax, and unclaimed withholding tax.

The total tax effect related to financial services and transactions has been estimated at CHF 19 billion for 2014. This represents approx. 14.6 percent of the total tax income of the federal government, cantons, and municipalities.

Actual tax effect of the financial sector and financial market for 2014 (CHF 19.1 bn)

Actual tax effect of the financial sector and financial market for 2014 (CHF 19.1 bn)

Source: BAKBASEL 2015

1 Includes employee income tax and corporate income tax and tax on capital
2 BAKBASEL estimate
3 On the basis of the VAT statistics for 2013, extrapolation for 2014
4 Share of banks according to Swiss Banking. Refers to the Withholding Tax on transactions, which clients process via a bank.
5 Share of banks according to Swiss Banking. Refers to the Stamp Tax on own transactions an on transaction, which clients process via a bank.

App and Flyer: Switzerland and Credit Suisse

How important is the financial sector for the Swiss economy? How much does Credit Suisse contribute to the regional economy? What are the main international regulatory developments? What does Credit Suisse do to counter youth unemployment? What measures are taken to improve the quality, stability and integrity of the financial center?

This application provides an overview of the activities performed by Credit Suisse and the multifaceted commitment of both the Bank and the financial center in Switzerland. The new 2015 version presents itself in an updated design with improved functionality and increased user-friendliness. This application illustrates with charts, facts and figures the contribution made by the financial sector to the Swiss economy. This gives the user a cutting-edge view into Switzerland’s financial market policy.

"The Swiss Financial Center and Credit Suisse" is available as a free app for smartphones and tablets running either the Apple or Android operating system can be obtained via the following links: