<h1>Swiss bank funds from specific country triple to 3.5 billion francs despite customer deposits rising only 11%</h1> Money held by individuals and entities from a particular country in Swiss banks tripled to 3.5 billion Swiss francs in 2024, recovering from a 70% decline in 2023. However, customer deposits increased only 11% to 346 million francs, representing just one-tenth of total funds. The surge was primarily driven by funds held through local branches and financial institutions rather than direct customer accounts. These official figures from Switzerland's central bank do not indicate alleged undeclared money and exclude funds held through third-country entities. The country ranked 48th globally for foreign client money in Swiss banks.