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Swiss National Bank

 

Swiss National Bank Logo

The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole.

 
 

Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth. The determination and distribution of profits are governed by the National Bank Act (arts. 30 and 31). According to these articles, the SNB shall set up provisions permitting it to maintain currency reserves at the level which is necessary for monetary policy. In so doing, it shall take into account the development of the Swiss economy.

The SNB equates price stability with a rise in the national consumer price index of less than 2% per annum. Deflation, i.e. a protracted decline in price levels, is considered to be equally detrimental to price stability. The SNB takes its monetary policy decisions on the basis of an inflation forecast and implements them by steering the three-month Libor for Swiss franc investments.


The SNB contributes to the stability of the financial system. Within the context of this task, it analyses sources of risk to the financial system, oversees systemically important payment and securities settlement systems and helps to promote an operational environment for the financial sector. The SNB also acts as banker to the Confederation. It processes payments on behalf of the Confederation, issues money market debt register claims and bonds, handles the safekeeping of securities and carries out money market and foreign exchange transactions.

Swiss National Bank HQ Location Map

Swiss National Bank
HQ Address: Börsenstrasse 15
P.O. Box 2800
8022 Zurich
Tel: +41 44 631 31 11
Fax: +41 44 631 39 11
Website: www.snb.ch
Email: snb@snb.ch
Currency: Swiss franc
Banking Hours:
Monday - Friday 8.00am - 3.30pm
 

 

The SNB divides the 328 banks in Switzerland into various categories: big banks, cantonal banks, regional banks and savings banks, Raiffeisen banks, other banks (including, in particular, commercial banks and stock exchange banks, as well as foreign-controlled banks), branches of foreign banks and private banks.

The SNB has two head offices: one in Berne and one in Zurich. In addition, it maintains a branch with cash distribution services in Geneva and five representative offices (in Basel, Lausanne, Lucerne, Lugano and St Gallen). Furthermore, it has 16 agencies operated by cantonal banks that help to secure the supply of money to the country. Swiss National Bank also known as Schweizerische Nationalbank / Banque Nationale Suisse / Banca Nazionale Svizzera / Banca Naziunala Svizra.
 

 

List of banks governed by the Swiss National Bank
Top Tier Swiss Banks
» Bank Sarasin & Cie AG » Julius Bär & Co. AG » EFG Bank European Financial Group SA
» Clariden Leu AG » Rothschild Bank AG » Union Bancaire Privée, UBP
» Credit Suisse » UBS AG » Bank Vontobel AG
Banks Incorporated in Swiss
» AAM Privatbank AG » Alternative Bank ABS » Banca Commerciale Lugano
» Aareal Bank AG » Appenzeller Kantonalbank » Banca Credinvest SA
» Aargauische Kantonalbank » Arvest Privatbank AG » Banca del Ceresio SA
» Adler & Co. Privatbank AG » Atlantic Vermögensverwaltungsbank » Banca del Sempione
» AKB Privatbank Zürich AG » Baloise Bank SoBa » Banca dello Stato del Cantone Ticino
» Alpha Rheintal Bank AG » Banca Arner SA » Banca GESFID

» More

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