Funds held in Swiss banks under the name of Bangladesh have soared more than 33 times in a year, reaching 589.5 million Swiss francs. After a dip to 481.3 million francs in 2017, deposits surged again to 617.7 million francs in the 2018 election year. The main reason wealthy individuals around the world are drawn to Swiss banks is their strict confidentiality policy. Some suggest that along with commercial transactions through banks, expatriate Bangladeshis may also deposit money in Swiss banks under Bangladesh’s name. The trend of rising Bangladeshi deposits in Swiss banks began in 2006, when holdings crossed 100 million Swiss francs for the first time — the final year of the BNP-Jamaat government.

Source: bd News24 June 19, 2025 20:16 UTC