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Banque Cantonale Vaudoise (BCV), a Swiss banking company, reported an increase in profits and revenues for 2024. The institution offers a wide range of services, including retail banking, asset management, corporate banking, and trading, while also engaging in large corporate financing and commodity trade financing. BCV operates a diverse financial group, which includes a private bank, fund management companies, an online trading platform, and a private equity firm, along with a subsidiary in Guernsey focused on structured products and investment trusts.
Banque Cantonale Vaudoise has announced an increased dividend of CHF4.40, yielding 4.7%, above the industry average. With a payout ratio of 79% and a stable dividend history over the past decade, the company shows potential for sustainable payments, though future growth may be limited due to modest earnings growth.
Banque Cantonale Vaudoise reported flat revenue of CHF 1.16 billion for FY 2024, with net income declining 6.1% to CHF 440.6 million and a profit margin of 38%. The net interest margin fell to 0.91%, while the cost-to-income ratio increased to 55.2%. Looking ahead, revenue is expected to remain stagnant over the next two years, contrasting with a 1.5% growth forecast for the Swiss banking industry.
Banque Cantonale Vaudoise (BCV) reported a 6% decline in consolidated profit to CHF 440.6 million for 2024, marking the second-best result in its history. The bank will propose a dividend increase to CHF 4.40, benefiting from an 8% growth in mortgage lending amid lower interest rates. CFO Thomas W. Paulsen noted that while the CET1 ratio decreased to 16.8%, the excess capital provides a cushion for the bank's dividend policy.
Swiss stocks rose, with the Swiss Market Index up 1.85%, as inflation eased to 0.4% in January. Nestlé shares surged 6.22% after affirming its 2025 growth outlook, despite a 1.8% sales drop in 2024. Conversely, Swisscom's stock fell 3.04% following a 9.9% decline in net income due to acquisition costs.
Banque Cantonale Vaudoise (BCV) reported its second-best financial year, achieving a profit of 441 million CHF, despite a 6% decline from the previous year. The bank's mortgage business grew by 8%, while personnel costs rose due to cybersecurity investments. The Canton of Vaud will receive 286 million CHF in dividends and taxes from BCV in 2024.
Banque cantonale vaudoise reported a decline in net interest income by 7% to CHF 554 million, while fee and commission income rose by 9% to CHF 369 million. The bank experienced an 8% increase in its mortgage business, benefiting from strong demand and the market shift following Credit Suisse's exit. Operating expenses rose by 3%, leading to a distribution of CHF 286 million to the canton of Vaud.
Banque cantonale vaudoise reported a net profit of 441 million francs for 2024, down from 469 million in 2023, amid a challenging interest rate environment. Operating revenues remained stable at 1.16 billion francs, while operating expenses rose by 3%. The canton of Vaud will receive 286 million francs in redistributions, including 254 million in dividends.
Banque cantonale vaudoise reported a net profit of CHF 441 million for 2024, down from CHF 469 million in 2023, attributed to a less favorable interest rate environment. Operating income remained stable at CHF 1.16 billion, while operating expenses rose by 3%. The bank plans to propose a dividend increase to CHF 4.40 per share.
Banque Cantonale Vaudoise (BCV) reported a 5% decline in operating profit to 515 million francs in 2024, with group profit down 6% to 441 million francs, impacted by lower net interest income and higher taxes. Despite this, the bank achieved its second-best result in history and plans to increase its dividend to CHF 4.40 per share. A change in the Board of Directors is also on the horizon, with Sandra Hauser proposed as a new member.
Banque Cantonale Vaudoise
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