Information letter to the clients of FlowBank SA

1. General situation

By decision of 12 June 2024, the Swiss Financial Market Supervisory Authority (FINMA) opened bankruptcy proceedings against FlowBank SA (the Bank) with effect from 13 June 2024 at 8:00 a.m. As a consequence, the FINMA withdrew the license of the Bank as bank and securities dealer.

The FINMA appointed Walder Wyss SA, succursale de Genève, 14 rue du Rhône, P.O Box, 1211 Geneva 3 as bankrupcy liquidators (the Liquidators). The place of jurisdiction for the bankrupty is the Bank’s head office in Geneva.

The commercial activities of the Bank stopped at the opening of the bankruptcy. The Bank is no longer authorised to carry out banking transactions or to act as securities dealer. In this regard, all payments, purchases and sales of securities can not longer be made. The Bank and its governing bodies are strictly prohibited from carrying out any legal act without the approval of the Liquidators.

2. Secured deposits

Client’s cash deposited with the Bank in Switzerland in an account opened in their name will be reimbursed in the short tem up to a maximum amount of CHF 100,000 (one hundred thousand Swiss francs).

The Liquidators are currently preparing the repayment terms and conditions, which will be communicated to the clients as soon as possible.

3. Segregation of custody assets

Custody assets according to Article 16 of the Banking Act (such as shares, bonds, funds, certificates etc.) remain the property of the clients, do not form part of the bankrupt estate and will be transferred to them subject to any compensation or restrictions.

The Liquidators are currently preparing the modalities of transfer, which will be communicated to the clients as soon as possible.

4. Termination of contracts entered into with the Bank

All agreements between the Bank and its clients, such as contracts for differences, contracts linked to financial instruments and derivative contracts, are terminated with immediate effect.

5. No takeover of contracts

Unless the Liquidators declare otherwise, contracts of duration (such as lease or leasing contracts) will not be taken over by the bankrupt estate.

6. Informations to the clients of the Bank

The Liquidators will shortly be sending the Bank’s clients a circular describing the procedure for repayment of the secured deposits and the transfer of the custody assets.

For any additional information, the Liquidators invite the clients to refer to the website of the FINMA or to contact them by e-mail at the following address : A dedicated website and hotline will be available as soon as possible.


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For FlowBank SA in liquidation, Walder Wyss SA