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Regula Berger has been appointed as the new Chairwoman of the Board of Directors at Bank Cler, succeeding Basil Heeb. She is also the CEO of Basler Kantonalbank and has been with BKB's Executive Board since 2018. The Board now includes three members from BKB, with new independent members elected at the recent Annual General Meeting.
Regula Berger, CEO of Basler Kantonalbank, has been appointed as the new Chairwoman of the Board of Directors of Bank Cler, succeeding Basil Heeb. This leadership transition, along with the election of three new board members, signifies a notable shift in the governance of Bank Cler, which may influence its strategic direction and operations.
Raiffeisenbank Zurich Airport reported a solid financial year in 2024, with an annual profit of 2.91 million francs, slightly down from 3.05 million the previous year. Mortgage receivables surpassed 1.1 billion francs, and customer deposits increased. The bank allocates around 50,000 francs annually for sponsorship, primarily supporting local associations and contributing to regional initiatives.
Goldman Sachs has reduced its price target for UBS from 44.50 to 36.00 francs while maintaining a "Buy" rating. Analyst Chris Hallam noted that the outlook for European banks is the strongest in two decades, with institutions like Deutsche Bank and BNP Paribas poised to benefit, despite UBS facing stricter capital requirements.
UBS shares fell by 4.0% to CHF 28.35 in afternoon trading, marking a low of CHF 27.88 for the day. The stock, which opened at CHF 28.35, has a 52-week high of CHF 32.88 and a low of CHF 22.53. Analysts predict an EPS of USD 2.11 for 2025, with a dividend expected to rise to USD 0.981.
Three years ago, Berner Kantonalbank (BEKB) shares were priced at CHF 222.50. An investment of CHF 100 at that time would now be worth CHF 111.46, reflecting an increase of 11.46%, based on the latest closing price of CHF 248.00. The total market value of BEKB shares is CHF 2.28 billion.
Leonteq's Annual General Meeting approved a significant dividend increase to CHF 3 per share, driven by major shareholder Raiffeisen, despite opposition from the Board of Directors. However, a proposed share buyback program by businessman Rainer-Marc Frey was rejected. The meeting highlighted ongoing tensions between the company and its investors, particularly following regulatory sanctions and dissatisfaction with executive remuneration proposals.
An investment of CHF 10,000 in Basellandschaftliche Kantonalbank (BLKB) shares five years ago would have resulted in ownership of 11,574 shares, now valued at CHF 10,972.22, reflecting a 9.72% increase. The current share price is CHF 948.00, with a market capitalization of CHF 533.24 million.
UBS faces shareholder backlash as the Ethos association recommends rejecting the bank's remuneration, share buyback program, and sustainability report at the upcoming AGM. Ethos criticizes the high executive pay and potential for excessive risk-taking, while also highlighting gaps in UBS's sustainability commitments. The bank's management compensation for 2024 is said to reflect a performance-based approach, despite concerns over its alignment with current capital requirements.
Societe Generale is closely monitoring the volatile dollar, which recently fluctuated between a near dip below 100 and a rebound above 110 on the Dollar Index. This instability reflects various economic factors, including Germany's fiscal adjustments and uncertainties in the US political landscape, with a modest GDP growth forecast of 1.7%. While the bank remains optimistic about global fiscal policies, particularly Germany's increased defense spending, it expresses caution regarding the US economic environment and its potential impacts on currency markets.
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