{
}
The departure of Credit Suisse has reshuffled the corporate lending landscape in Switzerland, with Raiffeisen emerging as the second-largest player in this sector. Despite increased inquiries and a gain of 5,000 new corporate clients, the bank maintains that it has not lowered its lending standards. Rising refinancing costs and stricter regulations are driving up loan prices, while alternatives to traditional lending remain limited.
Raiffeisen has reported significant growth, particularly in its corporate client sector, adding 5,000 new clients, mainly SMEs, while also increasing its mortgage market share to 18.1%. The cooperative banking group has focused on quality service, investing in client consulting with 337 new positions, and maintaining a high level of secured loans in its portfolio. CEO search updates will be provided by the board in due course.
Raiffeisen reported a net profit of CHF 1.21 billion for 2024, a 13% decline from the previous year, yet marking the second-highest in its history. The bank aims to grow its mortgage market share, which increased to 18.1%, while maintaining a strong capital position to meet future regulatory requirements. With a focus on Swiss SMEs, Raiffeisen continues to adapt to changing interest rates and market conditions.
Raiffeisen, Switzerland's second-largest banking group, reported a 4% decline in earnings for 2024, falling below 4 billion francs, with net profit down 13.1% to 1.2 billion francs. The interest business faced a 7.5% drop in net income, while operating expenses rose nearly 5%. Despite these challenges, the bank anticipates stable performance in 2025.
Raiffeisen Bank continues to thrive without a permanent CEO, demonstrating robust growth in 2024. CFO Christian Poerschke, who has taken on the role of interim CEO, highlighted the bank's strong performance at the annual results media conference, raising questions about the sources of its success.
Raiffeisen Group reported a 13% decline in profit for 2024, totaling 1.2 billion Swiss francs, impacted by a changing interest rate environment. Despite this, the bank gained market share in the mortgage sector, with lending up 4.6%, and expanded its corporate client base by acquiring 5,000 new clients. Challenges included a setback in app development and a value adjustment of 82.4 million on its investment in Leonteq, while the search for a new CEO continues following Heinz Huber's departure.
Raiffeisen Group reported a 13% decline in consolidated profit to 1.2 billion Swiss francs in 2024, impacted by a lower interest margin of 0.97%. Despite this, the bank gained market share in the mortgage sector, increasing lending by 4.6% and acquiring 5,000 new corporate clients. Challenges included a delay in launching a new banking app and ongoing leadership transitions following the departure of CEO Heinz Huber.
Raiffeisen reported strong growth in its corporate client business, acquiring 5,000 new clients, primarily SMEs, and increasing its mortgage market share to 18.1%. The cooperative banking group emphasized quality over quantity, investing in customer consulting with 337 new staff, while maintaining a high collateralized loan portfolio. CEO search updates remain pending as the focus shifts to stabilizing interest margins and expanding services.
Raiffeisen reported a net income of 1.2 billion francs in 2024, marking a 13% decline but still the second-best result in its history. Mortgage loans increased by 4.6% to 221 billion francs, while customer deposits rose to 215 billion francs. The bank, with 218 cooperative banks and 774 branches, remains optimistic about solid performance in 2025 despite a challenging market environment.
Raiffeisen has reported a significant profit slump of 13% due to rising costs from expanding its workforce, despite strong financial performance and a growing share of the mortgage market in Switzerland. The cooperative bank is capitalizing on opportunities in the corporate client segment, acquiring thousands of new clients while increasing its employee count to over 12,600. As it aims to strengthen its position amidst the challenges faced by competitors, Raiffeisen's cost/income ratio remains attractive at 56%.
Christian Poerschke
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
raiffeisen gains market share after credit suisse exit amid rising financing costs
Euro
Swiss Franc
United States Dollar
Nestlé S.A.
Novartis AG
Hoffmann-La Roche AG
CHE
Roger Reist
Christian Poerschke
Show more
05:50 18.03.2025
Raiffeisen reports strong growth in corporate clients and mortgage business
08:31 02.03.2025
raiffeisen reports strong mortgage growth and solid capital position in 2024
07:00 28.02.2025
Raiffeisen banking group reports profit decline amid rising costs and challenges
23:16 27.02.2025
raiffeisen bank thrives without a permanent leader in 2024
16:23 27.02.2025
Raiffeisen reports profit decline while expanding mortgage and corporate client business
16:05 27.02.2025
Raiffeisen Group reports lower profit amid changing interest rate environment
15:36 27.02.2025
raiffeisen reports strong growth in corporate client and mortgage business
14:47 27.02.2025
Raiffeisen reports second best profit despite decline in 2024 earnings
08:31 27.02.2025
Raiffeisen reports profit drop amid strong growth and new corporate clients
07:23 27.02.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Central Bank Actions
GDP Growth & Recession Forecasts
CEO Changes
Global Trade Developments
Industry Mergers & Acquisitions
Financial Scams and Security
Market Analysis and Predictions
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Supply Chain Management
Domestic Politics
Workplace Trends
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Bank of America Corporation
Barclays PLC
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Credit Suisse Strategic Income I
AXA SA
Safran SA
Banco Santander, S.A.
Novartis AG
Swiss Re AG
Beazley plc
UBS AG
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Canadian Dollar
Australian Dollar
United Arab Emirates Dirham
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Hong Kong Dollar
Mexican Peso
Indonesian Rupiah
Malaysian Ringgit
Vietnamese Đồng
People: