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BC de Genève plans one-for-ten share split to attract small investors

Banque Cantonale de Genève plans to split its shares on a one-for-ten basis, aiming to attract small investors. This move will reduce the nominal value of shares from CHF 50 to CHF 5, increasing the total number of shares to 72 million while maintaining a share capital of CHF 360 million. The proposal will be presented for approval at the end of April.

banque cantonale de geneve proposes one-for-ten stock split to attract investors

Banque Cantonale de Genève plans to propose a one-for-ten stock split at the end of April, reducing the par value of shares from CHF 50 to CHF 5. This move aims to enhance market accessibility for investors and improve the negotiability of its registered shares, increasing the total from 7.2 million to 72 million. As of Tuesday, BCGE shares closed at CHF 257 on the Zurich stock exchange.

banque cantonale de geneve proposes one-for-ten stock split to attract investors

Banque Cantonale de Genève plans to propose a one-for-ten stock split at the end of April, reducing the nominal value of its shares from 50 to 5 Swiss francs. This move aims to enhance market accessibility for small investors and improve the negotiability of its registered shares. Following the split, the number of shares will increase to 72 million, while the bank's share capital remains unchanged at 360 million Swiss francs.

Geneva's Economic Outlook for 2025 Promises Growth Amid Pharmaceutical Sector Strength

Banque Cantonale de Genève (BCGE) projects a positive economic outlook for 2025, with GDP growth slightly below 2% and inflation around 1.1%. The thriving pharmaceutical sector, which constitutes a third of Swiss exports, is a key driver, although volatility due to geopolitical factors remains a concern. Additionally, Geneva has received a historic AA+ financial rating from Standard & Poor's, reflecting strong financial management.

Geneva's Economy Projected to Grow 2 Percent Amid Global Challenges in 2025

Geneva's economy is projected to grow by 2% in 2025, primarily driven by the pharmaceuticals and services sectors, despite pressures on manufacturing. The local economy faces risks from global geopolitical tensions and raw material price fluctuations, highlighting the need for diversification to mitigate vulnerabilities. BCGE maintains a moderately positive outlook while urging caution regarding external shocks.

BCGE launches ForXchange platform to streamline corporate foreign exchange operations

ForXchange by BCGE is an online platform designed to streamline foreign exchange operations for Swiss companies engaged in international trade. It offers real-time access to the foreign exchange market, enabling users to execute various types of orders and manage transactions directly within their Netbanking space. The platform enhances efficiency by providing immediate transaction tracking and automatic account updates, helping businesses effectively hedge against exchange rate fluctuations.
07:00 02.12.2024
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