The major Swiss private banks have achieved considerable year-on-year growth and have performed more consistently overall. However, the situation remains critical for numerous smaller and midsized banks. This is demonstrated by a study by KPMG and the University of St. Gallen (HSG).
In 2012, too, Swiss private banks also faced new regulations and increasing business complexity. The study «Performance der Schweizer Privatbanken 2013» (Performance of Swiss Private Banks 2013), which was prepared jointly by KPMG and the HSG, used the annual reports of more than 100 Swiss private banks to assess their business development between 2006 and 2012 and calculated the specific financial impact of what was still an unstable economic and political environment. On the one hand, the study shows that, overall, local private banks – aided by positive stock market performance – have increased assets under management, revenue and earnings. On the other hand, however, the results also illustrate that the situation remains critical particularly for small banks managing assets of less than CHF 5 billion, and that the percentage of institutions operating at a loss and at an unsustainable level is stagnating.