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bancastato appoints new leadership amid strong financial performance and community support
BancaStato Group reported a profit of 83 million francs in 2024, marking the second-best year in its history despite a 17.8% decline from 2023. The bank allocated over 60 million francs to the canton and increased its assets under management by 7.7% to 23.4 billion francs, reflecting strong client confidence and growth in lending volumes. Operating costs rose to 54.4% of net revenues, while capital adequacy remained robust at 233.3%, well above regulatory requirements.
Bernardino Bulla chairman of BancaStato board passes away at 67
Bernardino Bulla, the chairman of BancaStato's board of directors, has passed away at the age of 67. He held significant roles in the banking sector, including membership on the board of Axion SWISS Bank and chairmanship of the BancaStato Centennial Foundation. Bulla earned a bachelor's degree in economic and social sciences from the University of Geneva and had a distinguished career across several major Swiss banks.
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