Number of banks reached 248 banks in 2018 in Switzerland, according to the National Central Bank. This is 1.98 % less than in the previous year.
Historically, number of banks in Switzerland reached an all time high of 476 banks in 1971 and an all time low of 248 banks in 2018. When compared to Switzerland's main peers, number of banks in Austria amounted to 38.0 banks, 259 banks in France, 267 banks in Germany and 237 banks in Italy in 2018.
Switzerland has been ranked 6th within the group of 151 countries we follow in terms of number of banks.