Tuesday 11 October 2022

Economic Survey 2022-2023

The Geneva Financial Center carried out this Economic Survey according to the methodology used in previous years. The survey is sent to directors of banks and independent asset managers in Geneva every year in June. The results presented in the following pages reflect their analyses and perceptions.

The survey provides long-term data and is therefore a useful tool to measure changes in opinion among financial intermediaries regarding business performance and the outlook for the Geneva financial center.

The results of the 2022-2023 Geneva Financial Center Survey illustrate the solidity and resilience of the banking and financial sector at a time of mounting uncertainty. After a record year in 2021, the mood in the first semester of 2022 was one of cautious optimism. Several indicators evidence the good health of banks and independent asset managers: most reported an increase in net profits, and staff numbers are stable or rising. However, total assets under management declined due to financial market volatility. In this climate of uncertainty, banks and financial institutions are taking a cautious view of 2023.