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Graubünden Cantonal Bank reported a group profit of 229.5 million francs for 2024, allowing a high dividend of 47.50 francs per participation voucher. At a recent assembly in Chur, State Councilor Martin Bühler honored outgoing President Peter Fanconi, who will be succeeded by Heinz Huber on July 1, 2025. The bank continues to invest in public benefit projects, contributing 3.5 million francs annually, while also showcasing local talent through entertainment at the event.
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 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, Switzerland's second-largest banking group, is in search of a new CEO following Heinz Huber's unexpected resignation after nearly six years. The organization is leaning towards an internal candidate to lead the bank into a new era, seeking a strong leader to replace Huber.
Graubünden Kantonalbank (GKB) faced challenges in 2024 due to interest rate cuts, resulting in a 1.7% decline in net profit from interest-bearing operations to 327.6 million Swiss francs, despite a 3.1% increase in mortgage volumes. Commission income rose by 7.7%, helping overall revenues to climb 0.5% to 528.4 million Swiss francs, while net profit stagnated at 229.5 million Swiss francs. The bank plans to maintain its dividend at CHF 47.50 per participation certificate and targets a net profit of 210 to 230 million Swiss francs for 2025.
In 2024, Graubünden Kantonalbank (GKB) faced challenges due to Swiss National Bank rate cuts, resulting in a 1.7% decline in lending income despite a 3.1% increase in mortgage volumes. Commission income rose by 7.7%, helping overall revenues grow by 0.5% to 528.4 million Swiss francs, while net profit stagnated at 229.5 million. The bank plans for a net profit of 210 to 230 million Swiss francs in 2025, as it continues to invest in digitalization and manage expenses.
Heinz Huber's abrupt resignation as CEO of the Raiffeisen Group has sparked significant criticism, particularly regarding his management style and failed IT projects. His departure, announced just before Christmas 2024, was marked by a lack of farewell, leading to discontent among cooperative banks. CFO Christian Poerschke will serve as interim CEO while a successor is sought, with calls for a leader from within the cooperative ranks.
Christian Poerschke, interim CEO of Raiffeisen Switzerland, is implementing a significant reduction in remote work, cutting home office days from four to two starting in June. This move, aimed at fostering team spirit, has sparked criticism as it appears to reflect management's lack of trust in employees, raising concerns about increased control over work. Poerschke's leadership follows the abrupt departure of former CEO Heinz Huber, and his past in Controlling is under scrutiny due to previous management issues.
Raiffeisen is in search of a new CEO following Heinz Huber's unexpected resignation to become Chairman of Graubündner Kantonalbank. His departure has sparked discontent among employees, who criticized his lack of a farewell. The cooperative banks prefer an internal candidate, with potential successors including Matthias Läubli and Christopher Baumgartner among others.
Heinz Huber
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