Press Releases : Economic situation

The banking sector is a strong pillar of the economy and a major contributor to Geneva's GDP (13%). The financial institutions are in good health: they have seen their profits increase and have attracted significant net inflows of funds in the first half of 2021.

The banking sector remains a cornerstone of the Geneva economy and a major contributor to the cantonal GDP (12.9%). Financial institutions attracted net inflows of new assets over the first half of 2020. This is all the more remarkable given the uncertainty surrounding the duration of the recession caused by the coronavirus pandemic.