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swiss banks struggle to maintain global brand value amid rising competition

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.

cantonal bank CEO remains optimistic despite US tariffs and interest rate outlook

The CEO of St. Galler Kantonalbank remains optimistic about the bank's performance in 2024, expressing a relaxed stance on US tariffs and anticipating further interest rate reductions. Additionally, the bank's Uznach branch is set for renovations, signaling ongoing investment in its infrastructure.

St Galler Kantonalbank reports growth amid challenging interest environment

St. Galler Kantonalbank reported a nearly 4% increase in net profit for 2024, despite a decline in operating results due to a weak interest business. The bank experienced significant growth in its corporate client sector, with new customer deposits rising sharply, particularly driven by demand from Germany.

st gallen cantonal bank reports profit increase despite lower interest rates

St. Gallen Cantonal Bank reported a 3.8% decline in net profit to 215.1 million Swiss francs for 2024, despite lower interest rates. Revenues fell by 3.3% to 561.7 million, while assets under management rose to 64.5 billion Swiss francs, bolstered by CHF 3.1 billion in new money. Shareholders will receive an unchanged dividend of 19 Swiss francs per share.

st gallen cantonal bank reports profit increase despite lower interest rates

The Cantonal Bank of St. Gallen reported a 3.8% increase in net profit for 2024, reaching 215.1 million Swiss francs, despite a 3.3% drop in overall revenues. Shareholders will receive an unchanged dividend of 19 Swiss francs per share, with expectations for fiscal 2025 to match last year's performance. The bank attracted 3.1 billion in new money, raising assets under management to 64.5 billion, while customer loans grew by 5% to 33.8 billion.

St Galler Kantonalbank reports profit growth despite declining net interest income

St. Galler Kantonalbank (SGKB) reported a 3.8% increase in net profit for 2024, reaching CHF 215.1 million, despite a 10.4% decline in net interest income. Operating profit fell by 6.9% to CHF 253.9 million, while customer loans rose by 5% to CHF 33 billion. The bank's commission and services business saw an 11.4% increase, contributing to a total client asset growth of 9.8% to CHF 64 billion.

st galler kantonalbank reports increased profit despite declining interest income

St. Galler Kantonalbank (SGKB) reported a 3.8% increase in consolidated profit to CHF 215.1 million for 2024, despite a 10.4% drop in net interest income due to lower interest rates. The bank's balanced model and strong performance in commission and trading businesses helped offset losses, while customer deposits and loans grew significantly. SGKB plans to maintain its dividend at CHF 19 per share, with expectations for 2025 results to remain stable amid uncertain interest rate forecasts.

St Galler Kantonalbank reports profit growth amid declining net interest income

St. Galler Kantonalbank reported a 3.8% increase in consolidated profit to CHF 215.1 million for 2024, despite a 10.4% decline in net interest income due to falling interest rates. Operating profit fell by 6.9% to CHF 253.9 million, while customer loans rose by 5.0%. The bank anticipates a cautious outlook for 2025, expecting results to remain at the previous year's level amid uncertainties in interest rates and market reactions.

St Galler Kantonalbank reports profit increase and stable outlook for 2025

St. Galler Kantonalbank (SGKB) reported a 3.8% increase in profits for 2024, reaching 215.1 million Swiss francs, driven by strong performance in investment products. The bank managed 64.5 billion in client assets, up 9.8% from the previous year, and plans to propose a dividend of CHF 19 per share at the upcoming Annual General Meeting. For 2025, SGKB anticipates stable results amid uncertain interest rate forecasts.

St Galler Kantonalbank reports profit growth amid declining net interest income

St. Galler Kantonalbank (SGKB) reported a 3.8% increase in consolidated profit to CHF 215.1 million for 2024, despite a 6.9% drop in operating profit due to declining net interest income, which fell by 10.4%. The bank saw significant growth in customer loans and commission income, while managing to attract CHF 3.1 billion in new money. Looking ahead, SGKB anticipates a cautious outlook for 2025, expecting results to remain at the previous year's level amid uncertainties in interest rates and market reactions.
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