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Population growth in Switzerland, particularly in the canton of Neuchâtel, is driving demand for housing, especially as single-person households and an aging population increase. This trend has led to rising property prices and a stable vacancy rate, highlighting the need for diverse housing options. Economic vitality and reduced inflation have further stimulated investment in the region.
The Cantonal Bank of Neuchâtel is negotiating a financial agreement with defendants involved in a significant embezzlement case. The amounts received by approximately ten individuals implicated in the affair have been revised upwards, prompting an ongoing inquiry into the matter.
Banque cantonale neuchâteloise (BCN) has pledged CHF 60 million to support two significant projects in Neuchâtel: CHF 40 million for a new building at the University of Neuchâtel and CHF 20 million for the renovation of buildings for Haute Ecole Arc in Le Locle. This investment underscores the bank's commitment to sustainability, innovation, and professional training, reflecting its strong financial performance in recent years. The State Council has expressed satisfaction with this substantial support, which will be presented to the Grand Council.
Banque cantonale neuchâteloise is contributing CHF 60 million to support two major projects in Neuchâtel: CHF 40 million for a new University of Neuchâtel building and CHF 20 million for the renovation of buildings for Haute Ecole Arc in Le Locle. This investment emphasizes sustainability and aims to enhance professional training, innovation, and regional expertise. The bank's strong performance in 2023 and 2024 has enabled this significant support, which will be presented to the Grand Conseil.
Banque cantonale neuchâteloise reported a 3.3% decline in interest income to 132.6 million in 2024, while commission and service fees rose by 2.7% to 31.4 million, and trading income surged by 20.2% to 14.2 million. Total assets increased by 1.2% to 12.0 billion, driven by a 1.7% rise in mortgage loans to 8.5 billion. Despite rising operating expenses and a projected decrease in earnings due to a weaker economic outlook, the bank anticipates continued growth in business volume, supported by lower interest rates.
Banque cantonale neuchâteloise reported a 5.6% increase in operating profit to 96.3 million Swiss francs for 2024, with net profit rising to 54.2 million. Despite a decline in interest income, the bank saw growth in commission fees and trading income, while total assets increased to 12.0 billion. Looking ahead, BCN anticipates continued growth in financing and wealth management, although it expects pressure on interest margins.
The Neuchâtel Cantonal Bank has enhanced the security of its ATMs following a series of explosive attacks, including a notable incident in La Brévine. With around 30 attacks reported across Switzerland this year, the bank invested several hundred thousand francs to implement measures such as relocating machines indoors, installing protective metal curtains, and restricting access at various locations, significantly reducing risk.
Banque cantonale neuchâteloise (BCN) has reinstated its entire ATM network after investing several hundred thousand Swiss francs in security upgrades due to a rise in attacks, particularly near the French border. While some machines have been relocated or protected with metal curtains, others, like those in Couvet and La Brévine, remain out of service due to insufficient risk-reducing solutions. Overall, BCN operates 47 ATMs, with specific measures implemented at various locations to enhance security.
Unemployment in Neuchâtel is hindering the recovery of the real estate market, despite lower interest rates in 2024. The rising jobless rate has dampened buyer confidence, leading to postponed property investments and favoring the rental market, which is experiencing higher rents and fewer vacancies. A significant recovery in home sales is contingent on improvements in the economic landscape.
Banque cantonale neuchâteloise
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