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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 stable profits and anticipates solid growth in 2025

Zuger Kantonalbank (ZGKB) reported a slight increase in operating profit to CHF 142.1 million for 2024, driven by strong performance in investment and asset management. However, group profit fell by 2% to CHF 122.4 million, reflecting the inability to replicate the previous year's exceptional results. Looking ahead, ZGKB anticipates a solid 2025, despite geopolitical tensions, and plans to maintain a dividend of CHF 220 per share.
Allnews
Swiss Franc Credit Suisse Lux Digital Healt Zürcher Kantonalbank CHE Andreas Janett Hanspeter Rhyner
Finance & Economy, Market Report
14:22 03.02.2025
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