{
}
Graubünden Cantonal Bank reported a net income of 168.2 million francs for 2015, marking a 4.4 percent increase from the previous year, bolstered by an extraordinary profit of 16.8 million from the sale of its stake in Swisscanto. Operating income fell to 179.1 million francs, a decline of 3.9 percent, attributed to reduced income from interest and fees despite cost containment efforts. Client assets slightly decreased to 30.1 billion francs, impacted by foreign capital outflows, though client growth in Switzerland helped mitigate losses.
Zurich Cantonal Bank (ZKB) reported a 12% increase in net income to 722 million francs for 2015, bolstered by the acquisition of Swisscanto. Revenues rose 14% to 2.204 billion francs, with trading income up 41% to 328 million francs. Client assets grew significantly, and the bank plans to distribute 326 million francs in dividends.
Urs Monstein has been appointed as the permanent CEO of VP Bank after serving as interim CEO since May. The bank also announced the departures of CFO Roger Barmettler and Mara Harvey, Head of Europe, with Monstein set to lead the International Locations unit temporarily. The executive management team will undergo restructuring, with new leadership roles assigned to enhance operational efficiency and growth.
The positive sentiment in financial markets has led to a rise in pension fund coverage ratios, with Swiss pension funds achieving an average investment return of 1.2% in Q3 and 7.7% year-to-date. Despite geopolitical uncertainties and interest rate fluctuations, most asset classes performed well, boosting coverage ratios to 120.7% for private-law funds and 113.0% for fully capitalized public-law funds.
Swisscanto Anlagestiftung
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Graubünden Cantonal Bank reports 4.4 percent profit increase in 2015
19:28 08.11.2024
Zurich Cantonal Bank reports 12 percent profit increase after Swisscanto acquisition
19:12 08.11.2024
vp bank appoints urs monstein as permanent ceo amid executive changes
United States Dollar
Euro
S&P Global Inc.
Swisscanto Anlagestiftung
The Boeing Company
VP Bank AG
Julius Bär Gruppe AG
CHN
Urs Monstein
Stephan Zimmermann
Roger Barmettler
Mara Harvey
Pauls Arni
Show more
07:34 05.11.2024
pension fund coverage ratios rise amid positive market sentiment and returns
14:46 04.11.2024
Trending
Subcategory
Startups & Entrepreneurship
Industry Trends
Corporate News
Private Equity Deals
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
CEO Changes
Government Economic Policies
Corporate Social Responsibility
Industry Mergers & Acquisitions
Workplace Trends
Energy Sector Developments
Venture Capital Investments
Fintech Startups
Finance Mergers & Acquisitions
AI Innovations
Market Analysis and Predictions
Intellectual Property Laws
Central Bank Actions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
Tesla, Inc.
Salesforce, Inc.
Garuda Aerospace Ltd.
Huawei Technologies CO. Ltd.
Bharti Airtel Ltd.
XPeng Inc.
Microsoft Corporation
Venturewave Capital NO.1 Ltd.
Semler Scientific, Inc.
TENCENT
Wipro Ltd
OpenAI ERC USD
Orange S.A.
IDBI Bank Limited
Standard Chartered Bank
LENOVO GROUP
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Saudi Riyal
Japanese Yen
Malaysian Ringgit
British Pound Sterling
Mexican Peso
Brazilian Real
New Taiwan Dollar
Bahraini Dinar
Qatari Riyal
Pakistani Rupee
Kuwaiti Dinar
Vietnamese Đồng
South Korean Won
Algerian Dinar
People:
Donald Trump
Mark Zuckerberg
Bisrat Degefa
He Xiaopeng
Abdel Fattah El-Sisi
Anmol Singh Jaggi
Puneet Singh Jaggi
Sari Sabban
David Watkins
Simon Moon
Anas Algahtani
Matt Jones
Ayman Hamdan
Elon Musk
Allen Law
Xi Jinping
Anwar Hussain
Sultan Ibrahim ibni Sultan Iskandar
Prashant Joshi
Albinder Dhindsa