The Swiss Bankers Association and the Swiss financial centre. Swiss Bankers Association (SBA)

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1 The Swiss Bankers Association and the Swiss financial centre Swiss Bankers Association (SBA)

2 Table of contents The Swiss Bankers Association Facts and figures about the Swiss financial centre

3 The Swiss Bankers Association

4 «The Swiss Bankers Association is the think thank for the framework conditions of tomorrow.» Herbert J. Scheidt, SBA President

5 The Swiss Bankers Association (SBA) Umbrella organisation for the Swiss banks Founded in 1912 Our main purpose: maintain and promote the best possible framework conditions for the Swiss financial centre both at home and abroad.

6 Members of the Swiss Bankers Association 8 bank groups Big banks (4) Cantonal banks (24) Foreign banks (111) Raiffeisen group (1) with 270 independent cooperative banks Other banks (14) Stock exchange banks (43) Regional- und savings banks (62) Private bankers (6) 296 member institutions Die SNB has 296 member institutions, of which 239 are banks individual members The following members of member institutions can become individual members: chairmen, vice-chairmen, members of the executive board and senior management. They alone have a voting right at the general assembly.

7 Asset Management Private Banking Retail Banking Capital Markets Education Legal and Compliance Financial market regulation and accounting Tax Swiss Commission for Financial Standardisation Independent supervisory board of the agreement on the Swiss banks code of conduct with regard to the exercise of due diligence Structure of the Swiss Bankers Association 4 business-oriented steering committees Board of Directors (19 members) Commissions Almost 500 representatives of member banks work on an voluntary basis in the steering committees, commissions and working groups 4 transversal commissions Other Composition of the board of directors: President: H. J. Scheidt UBS (1) VAV*** (3) CS (1) Raiffeisen (1) AFBS* (3) Private banks(2) VSKB** (5) Regional banks (2) * Association of Foreign Banks in Switzerland ** Association of Swiss Cantonal Banks *** Association of Swiss Asset and Wealth Management Banks Private Banking & Asset Management Retail Banking & Capital Markets CEO Tax, Legal & Compliance and Regulatory Communication & Public Affairs Secretariat Main office in Basel, other offices in Zurich and Berne; around 55 full time equivalents Operations

8 «The Swiss Bankers Association works to ensure that all banks enjoy the best possible operating conditions in Switzerland, so that they are able to compete with each other effectively.» From the SBA s mission statement

9 The mission of the Swiss Bankers Association Representing the interests of the banks Promoting the image of the Swiss financial centre Facilitate the exchange between banks and bank employees Foster an open dialogue with the public Training of junior staff and executives Developing self regulation

10 Our strategy for the banking sector Objective: A competitive, diversified and high-performance banking sector that benefits clients, the economy and Switzerland. Improve framework conditions for the banking sector Improve the regulatory process and limit overregulation Ensure and improve access to important export markets Promotion of high standards in relation to quality of service and products, a good reputation, and a strong capacity for innovation in the banking sector

11 The SBA s overarching areas of focus Clear positioning Acting with foresight Close collaboration between the members of the SBA and other associations

12 Facts and figures about the Swiss financial centre

13 The Swiss financial centre s core values Stability Universality Responsibility Excellence

14 The banks in Switzerland 4 Big banks 24 Cantonal banks 111 Foreign banks 1 Raiffeisen-group with 270 independent cooperative banks 43 Stock exchange banks 62 Regional- & savings banks 6 Private bankers 14 Other banks Source: SNB

15 The financial sector: above average productive and a good tax payer Employment In FTE* Added value in CHF Tax In CHF Banks 143, % Banks 30.3 bn 4.8% Banks 10.1 bn 7.4% Insurers 69, % Insurers 29.5 bn 4.7% Insurers 4.4 bn 3.9% Total 3,781,400 Rest of the economy Total 630 bn Rest of the economy Total bn Rest of the economy *Full time equivalent Source: Polynomics study 2017 «Banks and insurers in Switzerland»

16 Employment in the Swiss financial sector Total 3,781,400 Banks 143, % Insurers 69, % Rest of the economy Source: Polynomics study 2017 «Banks and insurers in Switzerland»

17 Jobs in the Swiss banking sector The banks in Switzerland offer 143,700 Jobs (full time equivalents). This represents 3.8% of all jobs in Switzerland. Source: Polynomics study 2017 «Banks and insurers in Switzerland»

18 Vocational training at Swiss banks Swiss banks offer 3,403 training positions for commercial apprentices. This represents almost 8% of all commercial training positions in Switzerland. Source: Federal Office of Statistics

19 Value creation by the Swiss financial sector Total 630 bn Banks 30.3 bn 4.8% Insurers 29.5 bn 4.7% Rest of the economy Source: Polynomics study 2017 «Banks and insurers in Switzerland»

20 Value creation by the Swiss banking sector The Swiss banks value creation amounts to CHF 30.3 bn a year. This corresponds to 4.8 % of the total value created by the Swiss economy. Source: Polynomics study 2017 «Banks and insurers in Switzerland»

21 Taxes paid by the Swiss financial sector Total bn Banks 10.1 bn 7.4% Insurers 4.4 bn 3.3% Rest of the economy Source: Polynomics study 2017 «Banks and insurers in Switzerland»

22 Taxes (direct and indirect) emanating from the Swiss financial sector Total bn Direct taxes banks 4.8 bn 3.5% Indirect taxes banks 5.3 bn 3.9% Direct taxes insurers 2.7 bn 2.0% Indirect taxes insurers 1.7 bn 1.3% Rest of the economy Source: Polynomics study 2017 «Banks and insurers in Switzerland»

23 Taxes (direct and indirect) emanating from the Swiss banking sector 7.4% of all taxes paid in Switzerland come from the banking sector. This amounts to more than CHF 10 bn. Source: Polynomics study 2017 «Banks and insurers in Switzerland»

24 What clients think about the banks in Switzerland 85% Satisfaction 95% Trust Quelle: Meinungsumfrage der SBVg 2017

25 Significance of the banks for the Swiss economy Credits to companies in Switzerland 2016: CHF 330 bn 89% of the credits go to SMEs, in total CHF 295 bn. 11% of the credits go to big companies. Source: SNB

26 Assets under management The banks in Switzerland manage CHF bn. 48% come from foreign clients. Quelle: Bankenbarometer 2017 der SBVg

27 Cross-border wealth management Swiss banks manage around 25 % of all assets that are invested cross-border worldwide. That makes Switzerland by far the No. 1 in international wealth management. Quelle: Bankenbarometer 2017 der SBVg

28 The most important offshore financial centres Offshore AUM 2016 (bn USD) Switzerland Caribbean/Panama UK Singapore Channel Islands/ USA Hong Kong Luxemburg Dublin 400 Source: BCG

29 Financial centre s share of GDP Share in in %, , ,4 7,4 12,2 7,2 5 3,9 0 Switzerland Germany UK Singapore USA Luxemburg Quelle: SIF

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