{
}
Urner Kantonalbank (UKB) has appointed Lucien Berlinger, a senior manager from Zürcher Kantonalbank (ZKB), as its new CEO, effective 1 October 2025. He will succeed Christoph Bugnon, who is stepping down after 15 years on the UKB board, including nine years as CEO.
UKB reported a profit of CHF 20.6 million for 2024, marking the second-best result in its history, despite a challenging year due to interest rate fluctuations. Customer deposits surged by 13%, while the bank's equity ratio stands at a solid 9.2%, ensuring stability for both customers and the canton. CEO Christoph Bugnon announced his resignation, with a successor to be revealed by early April.
BCV Group reported a net profit of CHF 441 million for 2024, with a stable operating income of CHF 1.16 billion and an increased dividend of CHF 4.40 per share. Total assets rose by 3% to CHF 60.6 billion, driven by an 8% growth in the mortgage business, while the common equity tier 1 ratio stands at a solid 16.8%. The Board of Directors will propose Sandra Hauser as a new member, succeeding Ingrid Deltenre, who is stepping down.
Urner Kantonalbank (UKB) is set to issue a CHF 100 million bond, managed by ZKB, with a coupon rate of 1.00% and an issue price of 100.257%. The bond matures in 9 years, on February 6, 2034, and has a yield to maturity of 0.970%. It is rated AA- and will be listed on SIX starting February 5, 2025.
Urner Kantonalbank (UKB) has partnered with Solarify to expand its photovoltaic offerings and provide financing for solar systems beyond its canton. This collaboration aligns with UKB's growth strategy and commitment to sustainability, as Solarify is Switzerland's largest independent crowdfunding platform for solar projects. UKB currently utilizes a photovoltaic system that meets 30% of its energy needs, with no additional installations planned.
The Uri Landrat has approved a salary cap for the CEO of Urner Kantonalbank, limiting annual earnings to a maximum of 513,500 Swiss francs, including variable compensation. This decision, supported by a decisive vote, aims to address concerns over high executive pay, with some politicians questioning the Landrat's role in the private sector. The current CEO, Christoph Bugnon, is set to resign next year, prompting the need for a new appointment.
The Cantonal Bank of Uri's management salaries are now capped at CHF 395,000, with profit-sharing limited to 30% of that amount. This decision, supported by a majority in the cantonal parliament, aims to address concerns over excessive salaries in the banking sector while balancing recruitment challenges. A motion to set the cap at CHF 350,000 was rejected.
The cantonal government proposes a maximum fixed salary of CHF 395,000 for the Executive Board of Urner Kantonalbank, with an additional performance-related compensation of up to 30%. This decision responds to a motion to cap salaries at CHF 350,000, which the government deems too restrictive for attracting suitable candidates. In 2023, the three board members received total remuneration of CHF 1.675 million, including employer social security contributions.
The cantonal government proposes capping the highest fixed salary for the Executive Board of Urner Kantonalbank at CHF 395,000, with an additional performance-related compensation of up to 30%. This decision follows a motion to limit salaries to CHF 350,000, which the government deemed too restrictive for attracting suitable candidates. In 2023, the Executive Board's total remuneration was CHF 1.675 million, including social security contributions, with the CEO earning CHF 545,000.
Urner Kantonalbank
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ukb appoints lucien berlinger as new ceo starting october 2025
11:19 09.04.2025
Urner Kantonalbank reports strong profits and prepares for leadership transition
13:16 20.02.2025
BCV proposes Sandra Hauser for Board of Directors at AGM
Swiss Franc
Urner Kantonalbank
Zurich Insurance Group AG
Assurant, Inc.
Cembra Money Bank AG
CHE
Ingrid Deltenre
Sandra Hauser
Show more
15:29 13.02.2025
Urner Kantonalbank issues CHF 100 million bond with 1 percent coupon
19:03 20.01.2025
Urner Kantonalbank Partners with Solarify to Expand Solar Financing Services
18:56 17.12.2024
Uri parliament sets salary cap for Urner Kantonalbank CEO at 500000 francs
10:28 14.11.2024
Uri district council caps salaries for cantonal bank executives at 395000 CHF
11:41 13.11.2024
Uri cantonal bank sets salary cap for executive board members
12:11 08.10.2024
Uri cantonal bank proposes salary cap for executive board members
11:36 08.10.2024
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Finance Mergers & Acquisitions
Retail and Consumer Goods
Global Financial Events
Market Analysis and Predictions
Industry Mergers & Acquisitions
Banking Regulations
CEO Changes
Global Trade Developments
Supply Chain Management
Workplace Trends
Hedge Funds & Private Equity
Startups & Entrepreneurship
Central Bank Actions
Government Economic Policies
Financial Scams and Security
Banking & Investment Regulations
Government Policies
Countries:
Companies:
BNP Paribas SA
Barclays PLC
Deutsche Bank RV Global PP
Tesla, Inc.
Raiffeisen Bank International AG
Apple Inc.
UniCredit S.p.A.
JPMorgan Chase & Co.
Strabag SE
Citigroup Inc.
The Goldman Sachs Group, Inc.
UBS Group AG
Bank of America Corporation
Morgan Stanley
Banco BPM S.p.A.
Kering S.A. (ADRs)
Berkshire Hathaway Inc.
Berner Kantonalbank AG
Standard Chartered PLC
Lam Research Corporation
Currencies:
United States Dollar
Euro
Chinese Yuan
Swiss Franc
Indian Rupee
British Pound Sterling
Japanese Yen
Vietnamese Đồng
Hong Kong Dollar
Australian Dollar
Russian Ruble
Brazilian Real
Filipino Peso
Malaysian Ringgit
United Arab Emirates Dirham
South African Rand
Indonesian Rupiah
South Korean Won
People: