SWITZERLAND BANKING SYSTEM – MODERN TRENDS AND PROSPECTS
| Autor: | Gocha Abutidze Gocha Abutidze |
|---|---|
| Rok vydání: | 2021 |
| Zdroj: | PIRETC-Proceeding of The International Research Education & Training Centre. 104:219-229 |
| ISSN: | 2613-5825 2613-5817 |
| Popis: | In Switzerland’s banking sector, the pandemic has caused changes, although not on the same scale as in other countries. Switzerland’s banks, unlike banks in other countries, continue to do well financially. They have much less need to save money and therefore have little incentive to close their branches. However, as in the rest of the world, in recent years Switzerland has seen a downward trend in the number of branches and staff members. In 2019, more than 50 of the largest banks in the world laid off about 77,780 employees. An 82% laid off was made by European banks. Over the past 6 years, credit institutions have laid off 425,000 employees worldwide. This trend is exacerbated by the instability associated with the pandemic and prolonged waves of quarantines around the world, forcing financial institutions to move to remote service channels and reduce number of branchs. Consequently, today many more Switzerland’s banks are already considering staff reductions. In this way, banks plan to withstand growing competition, a decline in profitability and losses from the pandemic. The coronavirus has changed not only the attitude and policies of banks towards their business or the way customers conduct banking transactions, but also the payment habits of consumers: cards and smartphones have largely replaced cash. Keywords: Bank, Switzerland's Financial Center, Bank Branch, ATM, Bank Employees. |
| Databáze: | OpenAIRE |
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