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Christian Schüpbach, Head of Market Services at Berner Kantonalbank, has announced his resignation from the Executive Board for family reasons, just months after taking the position. He cited the challenge of balancing his new role with his responsibilities as a father of two small boys. CEO Armin Brun expressed regret over Schüpbach's decision, acknowledging the difficulties many face in managing family and career demands.
Berner Kantonalbank (BEKB) aims to achieve significant reductions in CO2 emissions from its mortgage portfolio by 2030, targeting a 45% decrease for residential properties and 35% for commercial buildings. The bank has introduced innovative myky mortgages to promote energy-efficient renovations, emphasizing the importance of collective responsibility in sustainability efforts. BEKB is committed to supporting its customers in transitioning to energy-efficient properties while actively working towards Switzerland's net zero goal by 2050.
CFO Beatrice Kern and CEO Armin Brun of Berner Kantonalbank (BEKB) celebrated strong financial results for 2024, highlighting significant growth in the investment business and the creation of over 50 new jobs. However, they expressed caution regarding future interest rate adjustments by the National Bank, which could impact BEKB's performance. Kern remains hopeful for the interest rate business, emphasizing the solid foundation laid for the bank's future.
Berner Kantonalbank has experienced significant growth following the collapse of Credit Suisse, welcoming numerous new customers and expanding its investment and lending business. In 2024, profit rose by 3.3% to CHF 180.7 million, and the dividend increased to CHF 10.40 per share. The bank's solid capital base and regional presence have contributed to its robust performance, with assets under management climbing nearly 5% to CHF 42.8 billion.
Berner Kantonalbank (BEKB) reported a 3.3% profit increase to 180.7 million francs in 2024, driven by new customer inflows and a positive investment and lending business. However, the lower interest rate environment impacted the interest business, with net interest income rising only 4.2%. Operating expenses grew by 5.0% due to investments in personnel, while a dividend increase to CHF 10.40 per share is proposed, reflecting a payout ratio of 53.7%.
Christian Schüpbach has been appointed as the Head of Market Services at BEKB. CEO Armin Brun expressed confidence in Schüpbach's banking experience and digital expertise, highlighting his potential to significantly enhance the bank's digitalization efforts.
Christian Schüpbach has been appointed as the new Head of Market Services at Berner Kantonalbank (BEKB), succeeding Mark Haller, who will depart at the end of the year after nearly 27 years. Schüpbach, who joined BEKB two years ago as Head of Strategy & Innovation, has significant experience in digital banking and previously held roles at Swisscom and Credit Suisse. BEKB CEO Armin Brun highlighted Schüpbach's expertise in digital topics as crucial for the bank's future.
Berner Kantonalbank AG has been announced as the first royal partner for the 2028 Thun Bernese Oberland Swiss Wrestling and Alpine Festival. The partnership reflects BEKB's commitment to Swiss national sport and aligns with its sustainable values, marking a significant milestone for the event's organizing committee. OC President Matthias Glarner expressed enthusiasm for the collaboration, highlighting the festival's focus on tradition and wrestling.
Armin Brun
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