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Banque cantonale vaudoise reported a net profit of CHF 441 million for 2024, down from CHF 469 million in 2023, amid a challenging interest rate environment. Operating revenues remained stable at CHF 1.16 billion, while operating income fell by 5% to CHF 515 million. The bank plans to increase its dividend by 10 centimes to CHF 4.40 per share.
Banque cantonale vaudoise reported a net profit of 441 million Swiss francs for 2024, down from 469 million the previous year, attributed to a challenging interest rate environment. Operating revenues remained stable at 1.16 billion francs, while operating income fell by 5% to 515 million. The bank plans to increase its dividend by 10 centimes to CHF 4.40 per share, and assets under management rose by 6% to 124.2 billion francs.
Banque Cantonale Vaudoise (BCV), a Swiss banking institution, reported a decline in net profit for FY24. The bank provides a variety of services, including retail banking, wealth management, and corporate banking, while also engaging in financing for large companies and trade finance in commodities. Additionally, BCV operates a banking and finance group that encompasses a private bank, fund management companies, an online trading platform, and a private equity firm, with a branch in Guernsey focused on structured products and fiduciary investments.
Banque Cantonale Vaudoise (BCV), a Swiss banking company, has reported a decline in net profit and net interest income for FY 24. The bank offers a variety of services, including retail banking, wealth management, corporate financing, and trading in commodities and financial instruments. BCV also operates a private bank, fund management companies, and has a branch in Guernsey focused on structured products and fiduciary investments.
Global markets show resilience amid tariff uncertainties, with U.S. indices slightly down and European stocks gaining. Dividend stocks present a stable income opportunity, with notable options including Wuliangye Yibin (4.08%), Padma Oil (7.55%), and Tsubakimoto Chain (4.21%). Banque Cantonale Vaudoise offers a 4.6% yield, while Unitech Computer boasts 5.95%, though its high payout ratio raises sustainability concerns.
Swiss banks are facing increased spreads in capital markets, with cantonal banks experiencing rises of 40-50 basis points. The implementation of Basel III Final in 2025 is expected to benefit certain banks like BCV, while UBS's capital adequacy discussions could impact the broader sector. Analysts favor UBS, Partners Group, Swissquote, and SGKB for their growth potential amid changing interest rates and regulatory landscapes.
The pro-Russian hacker group "Noname057 (16)" has launched DDoS attacks on Swiss banks and municipalities, including Zürcher Kantonalbank and Banque Cantonale Vaudoise, claiming to test the robustness of Switzerland's Internet infrastructure. These attacks aim to overload websites, rendering them inaccessible, and are part of a broader strategy to gain media attention and promote their ideology. The group previously targeted federal websites during significant events, criticizing the World Economic Forum as outdated and lacking relevance.
Pro-Russian hackers from the group NoName05716 have launched a cyberattack on Swiss banks and municipalities, rendering the websites of the Vaud and Zurich cantonal banks inaccessible. The group, known for DDoS attacks, claimed responsibility on social media, stating their intent to test the robustness of Swiss internet infrastructure. The Swiss Federal Office of Cybersecurity had anticipated such attacks during the World Economic Forum in Davos and is urging critical infrastructure operators to take precautions.
Banque Cantonale Vaudoise (BCV) is set to issue a bond amounting to CHF 165 million, with a maturity date of February 6, 2035. The bond features a coupon rate of 1.20%, an issue price of 100.117%, and a yield to maturity of 1.188%. It will be listed on SIX starting February 5, 2025, and holds an AA rating from S&P.
Banque Cantonale Vaudoise (BCV) has successfully raised CHF 165 million, with a maturity extending until 2035. The Swiss banking institution provides a diverse range of services, including retail banking, wealth management, corporate banking, and trading, while also engaging in financing for large companies and trade finance in commodities. BCV operates a comprehensive banking and finance group, which encompasses a private bank, fund management companies, an online trading platform, and a private equity firm, alongside a branch in Guernsey focused on structured products and fiduciary investments.
Banque Cantonale Vaudoise
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