Switzerland isn’t just known for its unparalleled watch-making and breathtaking scenery. It is also the number one country in the world for international financial asset management. Switzerland also has the world’s third largest volume of foreign exchange trading. In a diverse Swiss economy, almost 9% of the Gross Domestic Product of Switzerland is due to the banking sector, and almost 6% of Swiss employees work for banks.
Banks in Switzerland account for more than one-quarter of all corporate taxes paid federally, and to cantons and cities. And Swiss banks have strong commitments to charity and philanthropy. The city of Geneva is the world’s capital city for private banking. In fact, Geneva is where private banking originated more than two centuries ago.
Geneva private banking is a demanding and competitive sector, and international banks wanting to compete in Geneva must be ready to achieve a level of excellence that includes reaching out for charitable and philosophical excellence. The world is more interconnected than ever, and what happens on one side of the globe can affect what happens on the other. Responsible banking demands looking beyond local concerns.
As just one example, La Banque SYZ, a star in Geneva private banking, has philanthropic ventures in Switzerland and throughout the world. They are committed to fostering new technological developments that will improve the environment and day-to-day life of people everywhere.
Many other Geneva private banks also have strong traditions of charity and philanthropy around the world. One common philanthropic outreach involves funding of schools around the world in developing countries. Initiatives involve taking steps to improve school enrollment and increasing the numbers of children that schools are able to educate.
Creating partnerships with small business start-ups in Europe, the Middle East, and Africa is another approach to Geneva banks to improving the conditions of millions around the world. The overall philosophy of the top Geneva banks is that excellence demands giving back and encouraging economic growth everywhere.
While Switzerland does not occupy a very big geographic size, it has developed its reputation as the center of international banking nonetheless. This is due to diligence, innovation, and the use of new technologies to make the most of the banking industry.
Some Geneva banks are quite traditional, and others are very innovative and forward-looking. But the ones that succeed are the ones that understand that the banking industry has an obligation to economic development and technological innovation no matter where in the world they are needed.
Socially responsible Geneva banking not only involves philanthropic giving, but also socially and ecologically responsible policies and investment strategies. Geneva’s economy is service-oriented and forward-reaching, and private banking there is an enormous part of both the economy and the culture.
A cosmopolitan city that was founded during Roman times, Geneva looks back on what has worked and looks forward for what will work in the future. Succeeding in the world of Geneva banking demands that banks do not isolate themselves from the world around them. Responsible investing and philanthropic and charitable outreach are necessary for a sustainable business in an increasingly interconnected world of business.
If you are looking for excellent banking options Geneva Private Banking has some of the top banking practices in the business. 3A – BANQUE SYZ a private bank will be able to provide you with ecologically responsible banking options, so contact la Banque SYZ today to get on board.