{
Zuger Kantonalbank

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}
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Zuger Kantonalbank reports steady growth amid challenging economic conditions

Zuger Kantonalbank reported a 0.9% increase in operating profit to CHF 142.1 million for 2024, driven by strong performance in investment and asset management, despite a 2% decline in group profit. Operating expenses rose 6.6% due to new hires and inflation, while the bank's equity base strengthened with a CHF 150 million bond issuance. Looking ahead, the bank aims to expand its market position and continue growth amid a challenging geopolitical and financial landscape.
St. Galler Tagblatt
Swiss Franc Zuger Kantonalbank CHE Andreas Janett Hanspeter Rhyner
Business & Industry, Market Report
17:56 03.02.2025

zuger kantonalbank reports higher operating profit but lower net profit

Zuger Kantonalbank reported a slight increase in operating income to CHF 142.1 million, driven by a 12.5% rise in commission and services income. However, net profit fell 2% to CHF 122.4 million due to higher operating expenses and the absence of extraordinary income from the previous year. The bank maintains a confident outlook amid challenging market conditions.
finews.ch
Swiss Franc Luzerner Kantonalbank AG Zuger Kantonalbank CHE
Business & Industry, Market Report
09:56 03.02.2025

Lucerne bank reports record profit while Zug bank sees decline

Luzerner Kantonalbank reported a record profit of CHF 286.6 million for 2024, an increase of 8% driven by growth in customer business and effective interest rate management. In contrast, Zuger Kantonalbank saw a slight rise in income to CHF 142.1 million but a 2% drop in profit to CHF 122.4 million due to reduced extraordinary income and rising refinancing costs.
zentralplus
Swiss Franc Luzerner Kantonalbank AG Zuger Kantonalbank CHE Daniel Salzmann
Business & Industry, Press Release
08:47 03.02.2025

zuger kantonalbank reports profit decline amid rising costs and reduced deposits

Zuger Kantonalbank reported a 3.5% increase in income to CHF 315 million, but net profit fell by CHF 21 million to CHF 122.3 million due to a 6.6% rise in operating expenses. Assets under management dropped significantly, with new money inflows declining to CHF 468 million from CHF 1.3 billion the previous year, attributed to the fading CS effect. Customer deposits decreased from CHF 13.1 billion to CHF 12.9 billion, while mortgages rose by 3.7% to CHF 16.6 million francs.
Tippinpoint.ch
Swiss Franc Zuger Kantonalbank CHE
Finance & Economy, Market Report
08:32 03.02.2025

Zuger Kantonalbank reports slight profit decline but maintains dividend distribution

Zuger Kantonalbank reported a slight profit decline of 2.0% to CHF 122.4 million in 2024, despite a 0.9% increase in net operating income to CHF 142.1 million. The Board of Directors proposed an unchanged dividend of CHF 220 per share, while operating expenses rose by 6.6% due to new hires. Looking ahead, the bank anticipates solid business development in 2025, driven by a favorable investment environment.
cash.ch
Swiss Franc Zuger Kantonalbank CHE
Finance & Economy, Market Report
07:54 03.02.2025

zuger kantonalbank reports stable performance and modest profit decline in 2024

Zuger Kantonalbank (ZGKB) concluded 2024 positively, with a 0.9% increase in operating income to 142.1 million Swiss francs, driven by growth in investment and asset management. However, Group profit saw a slight decline of 2% to 122.4 million due to the absence of last year's exceptional results. Looking ahead, ZGKB anticipates a solid performance in 2025 despite ongoing geopolitical tensions.
Zonebourse
Swiss Franc Zuger Kantonalbank CHE
Finance & Economy, Market Report
07:48 03.02.2025

zuger kantonalbank reports slight profit decline but maintains dividend payout

Zuger Kantonalbank reported a slight decline in profit for 2024, falling 2% to CHF 122.4 million, attributed to the absence of extraordinary gains from the previous year. Despite this, operating income rose by 0.9% to CHF 142.1 million, and the board proposed an unchanged dividend of CHF 220 per share. The bank anticipates solid business growth in 2025, driven by a favorable investment environment and plans to expand its market position with private and corporate clients.
Finanz und Wirtschaft
Swiss Franc Zuger Kantonalbank CHE
Finance & Economy, Market Report
07:46 03.02.2025

zuger kantonalbank reports lower profit despite increase in net interest income

Zuger Kantonalbank, based in Switzerland's Zug province, reported a decline in profit for FY24 despite an increase in net interest income. The bank offers a variety of financial services, including personal banking, private banking solutions, and mortgage services, supported by a network of branches and online banking capabilities.
MarketScreener
Swiss Franc Zuger Kantonalbank CHE
Business & Industry, Market Report
07:36 03.02.2025

zuger kantonalbank reports lower profits but higher net interest income

Zuger Kantonalbank, based in Switzerland's Zug province, reported lower profits for FY24 despite an increase in net interest income. The bank offers a variety of financial services, including savings, investment, financing, and personalized advice, alongside robust electronic banking options and mortgage services.
zonebourse.com
Swiss Franc Zuger Kantonalbank CHE Show more
Business & Industry, Market Report
07:27 03.02.2025

key corporate earnings reports highlight banking sector developments this week

This week marks a significant period for corporate financial disclosures, with key reports from major players like Julius Baer, UBS, and Valiant. Investors are particularly focused on new CEO Stefan Bolliger's strategies at Julius Baer and UBS's integration of Credit Suisse, alongside updates from various banks and companies facing market challenges. The week will culminate with Ems-Chemie's results and the IPO of BioVersys, highlighting the ongoing shifts in the financial landscape.
Finanz und Wirtschaft
Swiss Franc Valiant Holding AG UBS Group AG Leonteq AG Luzerner Kantonalbank AG LEM Holding SA Vontobel Holding AG BioVersys AG Julius Bär Gruppe AG Compagnie Financière Tradition SA Zuger Kantonalbank EMS-CHEMIE HOLDING AG SPS Holding AG CHE Sergio Ermotti Stefan Bolliger Show more
Business & Industry, Market Report
05:00 03.02.2025
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