Dhaka, June 20 -- Bangladeshi deposits in Swiss banks surged to CHF 589.54 million (approximately Tk 8,832 crore) in 2024, marking a dramatic 33-fold increase from CHF 17.71 million in the previous year, according to the Swiss National Bank's (SNB) annual banking statistics released on Thursday.
The sharp rise is largely attributed to a significant spike in deposits by Bangladeshi banks, which jumped from just CHF 3.48 million in 2023 to CHF 576.61 million in 2024.
The latest figure represents the fifth-highest level of Bangladeshi funds held in Swiss banks since 1996 and is the second-largest inflow in the past five years, surpassed only by the record CHF 871.1 million reported at the end of 2021.
The unexpected uptick follows a histori...