The countries ranked below India include Philippines, Kazakhstan, Bahrain, Iran, Pakistan, Mauritius, Bangladesh, Palestine, Barbados, Macau SAR, Iraq, Brunei and Zimbabwe.

Among top-ranked, UK has the highest exposure of 277 billion Swiss francs, followed by the US (193 billion Swiss francs), West Indies (100 billion Swiss francs), Germany (52.4 billion Swiss francs) and Guernsey (49.6 billion Swiss francs).

In top-20, they are followed by Luxembourg, Jersey, Bahamas, France, Panama, Cayman Islands, Hong Kong, Singapore, Italy, Japan, Russia, UAE, Netherlands, Saudi Arabia and Australia.

However, only a few countries account for the bulk of global money in Swiss banks and there are only 18 countries whose exposure stands at one per cent or more. Even among these, only the UK and the US have exposure of more than 10 per cent, at about 20 percent and 14 per cent respectively.

The UK, the U.S. and West Indies have retained their top-3 positions. Germany and Luxembourg have moved up two and three ranks respectively, while Jersey and France have come down.

Other countries ranked above India include Spain, Belgium, Israel, Bermuda, Cyprus, Argentina, Canada, Greece, Mexico, Indonesia, Gibraltar, Seychelles, Egypt, Thailand, Isle of Man, Nigeria, South Korea, New Zealand and Ukraine.

Those ranked below India and having relatively much smaller exposure of less than 100 million Swiss francs include Madagascar, Congo, Nepal, Macedonia, Sri Lanka, Burkina Faso, Vatican, Mongolia, Mozambique, Burundi, Papua New Guinea, Malawi, Maldives, Afghanistan, Myanmar, Turkmenistan, Somalia, Bhutan, Solomon Islands and Timor.
(With inputs from PTI)
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