Biz-Econ

Bangladeshis deposit Tk 5,427cr in Swiss banks

The deposits by Bangladeshi citizens in Swiss banks stood at Tk 5,427 crore or 603 million Swiss francs in 2019.

The Swiss National Bank (SNB) came up with the data in its annual report titled “Banks in Switzerland 2019” released on Thursday.

The Bangladeshi deposits in the year, however, slightly fell - by around 2.26 per cent - compared with those of 617.72 million Swiss francs in 2018.

The amount was Tk 5,553 crore in 2018 and Tk 4,329 crore in 2017, according to the report.

The SNB disclosed the data in its annual report titled ‘Banks in Switzerland 2019’ without giving further details about the deposits and the depositors.

Meanwhile, the total funds, held by all foreign clients of the Swiss banks, increased by around 3.0 per cent to CHF 1.44 trillion in the past year from 1.39 trillion in 2018.

The Indians’ money in the Swiss banks dropped further to CHF 899.46 million (including fiduciary funds) in the last year from CHF 954.73 million in 2018.

Pakistanis’ money in Swiss banks also declined sharply by 45 per cent to CHF 410.22 million in 2019, which was CHF 745.27 million in the previous year.