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st galler kantonalbank reports mixed economic outlook and strong growth in assets

Christian Schmid, CEO of St.Galler Kantonalbank, reported a 10% decline in net interest income for 2024, attributing it to a return to long-term growth after a spike in 2023. Despite challenges in the industrial sector, the bank saw a strong increase in assets under management and customer trust, with a balanced business model mitigating losses in interest income. SGKB proposed a dividend of CHF 19 per share, reflecting a 52% payout ratio and a yield of 4.3%.
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Swiss Franc St.Galler Kantonalbank DEU CHE USA Patrick Gunti Christian Schmid Show more
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07:06 26.02.2025
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