At a time of turmoil for the Swiss private banking industry, Geneva-based adviser Pictet has reassured its clients by revealing a stronger reserve ratio than any other European bank.

In the first-ever disclosure of its financial reserves, following a decision to adopt limited liability status, Pictet has said its core regulatory capital (known as CET1, in banking parlance) totals Sfr2 billion (€1.7 billion) translating into a Basel III capital ratio of 21.7%.