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Banque Cramer review

Banque Cramer & Cie SA

Four stars: a clean ten-year record, protected deposits and a full published service range.

Booking centreSwitzerland
RegulatorFINMA
Legal formLicence holder
Websitebanquecramer.ch
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PPLI.com
Private Bank Rating
4 out of 5 stars
Editorial assessment on UHNW criteria
Reviewed 6 November 2026 · Q4 2026 edition
Updated every quarter
Rating signed byNoam CohenEditor, Bank Intelligence
About the rating
4 out of 5, Q4 2026 edition
Not publishedpricing on request
1matter on the record, 2025
Not publishedminimum relationship
The editor's opinion

Why Banque Cramer has four stars

Banque Cramer earns four stars. No final adverse finding against this licence holder in ten years of regulatory and court records. What a family should weigh: no fee schedule is published; pricing is given on request. A matter is open with the authorities and carries no weight until it is decided. Not yet documented: the custody terms and the policy on third-party payments. Until they are on file, the rating cannot count them.

Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. The rating weighs the public record together with what clients and their advisers tell us in confidence; retail products, branches and apps play no part.

Where Banque Cramer stands out

  • No final adverse finding against this licence holder in ten years of regulatory and court records.
  • Custody assets are protected by statute in the booking centre, with conditions a family should read.
  • Deposits are covered by a statutory protection scheme.
  • A full range of private banking services is published for this booking unit.
  • Ownership and control are fully public.

What to weigh

  • One matter is still open with the authorities and not decided. It carries no weight in the rating until it is decided.
  • No fee schedule is published; pricing is given on request.
  • The terms that would govern custody of your assets are not public.
  • How the bank handles third-party payments is not public.
  • The official assessment of the owners' home jurisdiction is not yet on file.

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

202516 October 2025

Money laundering trial in Milan over an alleged scheme to move Italian clients' money to the Bahamas

Allnews reported on 25 June 2025 that the Milan investigating judge Alberto Carboni had set hearings from 16 October 2025 in the money laundering trial of Banque Cramer & Cie SA and two of its former managers, over an alleged system to move Italian clients' money to the Bahamas between 2010 and 2018. Nearly EUR 23 million was seized, a seizure upheld by the Court of Cassation, and no verdict has been reported.

Tribunale di Milano (Milan criminal court), ItalyPublic investigationOpen matter, not decidedPrimary source
Clients and standing

Client experience and financial standing

What clients meet at Banque Cramer, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.

UHNW client ratings

2.0 out of 5, based on 3 client ratings for this booking centre.

What clients report

The matters that touch clients are criminal: the Milan trial over an alleged scheme to move Italian clients' money to the Bahamas between 2010 and 2018, and the Swiss Attorney General's Petrobras case, opened in July 2020 and dismissed in January 2026 when time limits ran out, which the prosecutor said was not an acquittal. The bank closed its Moscow representative office in January 2024 because of sanctions and did not say how many clients were affected.

Worth raising with the bank

  • Ask whether the Milan money laundering trial set for October 2025 has reached a verdict, and what the bank has changed since 2018 in its controls on accounts held by Italian residents.
  • Ask what the bank changed in its money laundering controls after the Petrobras case, which the Swiss Attorney General dismissed in January 2026 only because time limits had run out.

In the press

What it costs

What Banque Cramer charges

Banque Cramer does not publish its private banking fees. The site says that pricing is given on request. We searched its website on 6 November 2026 for a fee schedule, a tariff or a pricing page. We read its legal, documents and client information pages and searched the site in each language it uses. 96 of the 151 banks we cover publish theirs. A family cannot see what a relationship with Banque Cramer would cost before asking, so the cost transparency element of the PPLI.com rating gives Banque Cramer no credit for a published schedule, and the bank cannot be placed in our fee comparison. If Banque Cramer publishes a schedule, we will read it and add it in the next edition.

Pricing not published

Banks that publish their fees, and how they compare, are listed on the comparison page. If you hold a proposal from Banque Cramer, our editors can place it against the published fees of other banks in confidence: write to [email protected].

The bank at a glance

Identity, protection and services

Legal identity

Legal nameBanque Cramer & Cie SA
LEI549300PHH16L4ZYRUG95
LicenceBank  Source
RegulatorFINMA
Legal formLicence holder
OwnerSet out under Ownership

Ownership

Group parentNorinvest Holding SA  Source
ControlOrganized shareholder group of 17 natural and legal persons bound by a shareholders' agreement (largest members: Massimo Esposito, Valartis SA, Gustav Stenbolt), 88.57%; controlled by a single owner  Source (31 December 2024)
Holder of 10% or moreMassimo Esposito, 29.21% in Norinvest Holding SA  Source (31 December 2024)
Holder of 10% or moreValartis SA (subsidiary of Valartis Group SA, SIX-listed), 29.19% in Norinvest Holding SA  Source (31 December 2024)
Holder of 10% or moreGustav Stenbolt (indirect, via Tidesea SA and MCG Holding SA), 19.11% in Norinvest Holding SA  Source (31 December 2024)
Disclosed holdings of 3% or moreMB Primoris Limited 7.4%  Source (31 December 2024); Davide Savoino 6.88%  Source (31 December 2024)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsNot yet on file
Capital ratioNot yet on file
Total assetsCHF 634.7 million (31 Dec 2024)
Shareholders' equityCHF 95.4 million (31 Dec 2024)
Client assetsCHF 3.7 billion assets under management (Banque Cramer & Cie SA) (31 Dec 2024)
Net profitCHF 6.9 million (31 Dec 2024)
Employees85 (31 Dec 2024)

These are the published figures of Norinvest Holding SA (consolidated group), which reports for this bank. Sources: Norinvest Holding Annual Report 2024; Banque Cramer corporate brochure (EN), May 2025; Banque Cramer corporate brochure (DE), May 2025.

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipNot published
US personsNot published
Fee scheduleNot published
Third party paymentsPublished  Source
Transfer out termsNot published

Protection of client assets

Deposit protectionAll banks with a Swiss office must be members of esisuisse: privileged deposits are protected up to CHF 100,000 per client per bank, including non-resident clients and foreign currency deposits, within a system cap.
Custody lawSwiss Banking Act art. 37d: custody assets held for clients are separated from the bankrupt bank's estate and handed over to the clients, with privileged deposits protected under arts. 37a and 37h.
Custody termsNot published

Before opening an account

  • Custody agreement. The applicable legal framework is set out above. Ask for the agreement that would govern your account and check how securities are titled, whether any sub-custodian is used, and when the bank may take a lien.
  • Cross-border eligibility. If a settlor, beneficiary or beneficial owner has U.S. ties, ask the named entity to confirm eligibility for your structure and which investment services it can provide.
  • Transferring assets out. Ask which positions can be transferred without selling them, who approves exceptions, and how charges are calculated for each position and market.
Your experience

Rate Banque Cramer

If you bank with Banque Cramer or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to Banque Cramer or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

All 13 documents cited on this page, by subject.

Regulatory and legal record

  1. Tribunale di Milano (Milan criminal court), Italy: Money laundering trial in Milan over an alleged scheme to move Italian clients' money to the Bahamas, 16 October 2025allnews.ch

Client experience and press

  1. Allnews (AWP, citing Le Temps and Gotham City): Banque Cramer echappe aux sanctions grace a une prescription, 14 July 2026allnews.ch
  2. Allnews: Un membre de la direction quitte la Banque Cramer, 1 December 2025allnews.ch
  3. Allnews: Banque Cramer se retire du marche russe a cause des sanctions, 16 January 2024allnews.ch
  4. Allnews (AWP, from Gotham City): Cramer & Cie sous la loupe du MPC dans l'affaire Petrobras, 8 October 2020allnews.ch

Identity, ownership, finances and services

  1. FINMA: Bewilligungstraeger (PDF)finma.ch · Licence
  2. Banque Cramer: Shareholdersbanquecramer.ch · Group parent
  3. norinvest.ch: Norinvest Holding Annual Report 2024norinvest.ch · Control
  4. Banque Cramer corporate brochure (EN), May 2025admin.banquecramer.ch · Financial strength
  5. Banque Cramer corporate brochure (DE), May 2025admin.banquecramer.ch · Financial strength
  6. Banque Cramer: Private clientsbanquecramer.ch · Services
  7. Banque Cramer: 20241105 FINSA INFORMATION ABOUT BANQUE CRAMER 1 (PDF)banquecramer.ch · Third party payments

The bank

  1. Banque Cramer, websitebanquecramer.ch

For Banque Cramer

Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-CH-CRAMER-368E12.

Reviewing this file with us

Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.

If you represent Banque Cramer, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.

The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.

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About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026Methodology 2.4Reference BK-CH-CRAMER-368E12
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