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Graubündner Kantonalbank (GKB) has released its 2024 annual and sustainability report, highlighting a strong financial performance in a challenging interest rate environment. The report details GKB's strategic integration of sustainability since 2020 and outlines its commitment to achieving net zero by 2050, following the Global Reporting Initiative and TCFD recommendations. The comprehensive report is available online and in PDF format.
Graubündner Kantonalbank (GKB) has reported its second-best financial results in history for 2024, despite a challenging interest rate environment. The bank emphasizes its commitment to sustainability, aiming for net-zero emissions by 2050, and adheres to global reporting standards. Headquartered in Chur, Switzerland, GKB serves various sectors and is a significant employer in the region.
Swiss banks have seen a collective brand value increase of 11% to USD 20.7 billion, yet none made the global top 10, indicating a decline in their international standing. UBS remains the most valuable Swiss brand at USD 14.1 billion, bolstered by its acquisition of Credit Suisse, but still trails behind the Industrial and Commercial Bank of China, valued at USD 79.1 billion. Notably, Pictet experienced significant growth, with a 31% increase in brand value.
Swiss banks have seen an 11% increase in brand value to $20.7 billion, yet none made the global top 10, highlighting a decline in international standing. UBS leads as the most valuable Swiss bank at $14.1 billion, but remains significantly behind global leader ICBC, valued at $79.1 billion. Notably, Pictet experienced a remarkable 31% growth in brand value.
Graubündner Kantonalbank reported a consolidated profit of 229.5 million Swiss francs for 2024, a slight decrease of 0.5% from the previous year, despite a challenging interest rate environment. Customer loans increased by 3.0% to 24.69 billion francs, while net income from commission and services rose by 7.7% to 171.6 million francs. Costs grew by 5.9% due to new hires and digital investments, with an unchanged dividend of 47.50 francs for participation certificate holders.
Graubuendner Kantonalbank reported lower earnings for FY 24, despite an increase in operating profit. The Swiss bank provides a range of banking products and services across four divisions: private, corporate, private banking, and youth, catering to retail, corporate, and institutional customers.
Heinz Huber's abrupt resignation as CEO of the Raiffeisen Group has sparked significant criticism, particularly regarding his management style and failed IT projects. His departure, announced just before Christmas 2024, was marked by a lack of farewell, leading to discontent among cooperative banks. CFO Christian Poerschke will serve as interim CEO while a successor is sought, with calls for a leader from within the cooperative ranks.
Raiffeisen is in search of a new CEO following Heinz Huber's unexpected resignation to become Chairman of Graubündner Kantonalbank. His departure has sparked discontent among employees, who criticized his lack of a farewell. The cooperative banks prefer an internal candidate, with potential successors including Matthias Läubli and Christopher Baumgartner among others.
Raiffeisen is in search of a new CEO following Heinz Huber's unexpected resignation to join Graubündner Kantonalbank. His departure has sparked discontent among employees, prompting concerns about an external successor. Insiders advocate for an internal candidate, with Matthias Läubli and Christopher Baumgartner among the potential frontrunners.
Heinz Huber, CEO of Raiffeisen Switzerland, will resign unexpectedly on December 31, 2024, to become Chairman of Graubündner Kantonalbank (GKB) in July 2025. Christian Poerschke will serve as interim CEO during the transition, as the bank seeks both internal and external successors. Huber's tenure at Raiffeisen saw significant growth despite challenges, including a scandal that impacted the bank's reputation.
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graubündner kantonalbank reports strong 2024 results and sustainability initiatives
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