S&P Global – Swiss Banking Outlook 2025

The report by S&P Global "Swiss Banking Outlook 2025" explores the financial landscape for Swiss banks amidst changing economic conditions and regulatory frameworks. Banks in Switzerland achieved record-high profits in 2024 due to higher interest rates and low credit losses. In 2025, we expect lower revenues from interest rates and pressure on cost bases, although low risk costs will persist. Swiss banks are likely to maintain strong capital buffers and sound earnings-retention capabilities, despite adapting to tighter funding conditions imposed by the Swiss National Bank’s policy changes. Regulatory discussions continue in response to the Credit Suisse collapse, affecting future growth projections.