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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.
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.
Graubünden Cantonal Bank (BCG) reported an operating profit of 254.3 million francs for 2024, consistent with the previous year's performance and exceeding initial expectations. The bank's president highlighted the resilience of its business model amid economic fluctuations, including four rate cuts by the Swiss National Bank. For 2025, BCG anticipates a profit between 210 and 230 million francs, with dividends remaining steady at 47.50 francs per participation certificate.
Graubünden Cantonal Bank (BCG) reported a stable group profit of 229.5 million francs for fiscal year 2024, reflecting the resilience of its business model amid a changing interest rate environment. Operating income decreased by 1.6% to 254.3 million francs, while net new funds showed improvement, with loans to clients rising by 3.0%. The bank's dividend remains unchanged at 47.50 francs, contributing 103.7 million francs to the Canton of Graubünden.
Graubündner Kantonalbank reported a consolidated profit of 229.5 million Swiss francs for 2024, a slight decrease of 0.5% from the previous year, despite a challenging interest rate environment. Customer loans increased by 3.0% to 24.69 billion francs, while net income from commission and services rose by 7.7% to 171.6 million francs. Costs grew by 5.9% due to new hires and digital investments, with an unchanged dividend of 47.50 francs for participation certificate holders.
Sergio Ermotti dominated Swiss media in 2024 with 4,755 mentions, significantly outpacing other business leaders. Despite a 29% drop from 2023, he remains the most prominent figure, while Thomas Jordan and Thomas Schlegel follow with 3,973 and 2,608 mentions, respectively. The media landscape also saw notable mentions related to the Benko scandal and political initiatives against the EU.
Huber has been elected as the new Chairman of the Graubünden Cantonal Bank (GKB) for the term from July 1, 2025, to June 30, 2029. Currently the Chairman of Raiffeisen Switzerland, he will succeed Peter Fanconi, who is stepping down early amid scrutiny over GKB's lending practices but will remain in his role until June 2025 to ensure a smooth transition.
Heinz Huber, CEO of Raiffeisen Switzerland, will resign unexpectedly on December 31, 2024, to become Chairman of Graubündner Kantonalbank (GKB) in July 2025. Christian Poerschke will serve as interim CEO during the transition, as the bank seeks both internal and external successors. Huber's tenure at Raiffeisen saw significant growth despite challenges, including a scandal that impacted the bank's reputation.
Heinz Huber, chair of Raiffeisen Switzerland, will transition to president of Graubündner Kantonalbank (GKB) on July 1, 2025, after nearly six years at Raiffeisen. His departure, surprising given his recent commitment to Raiffeisen, follows a period of significant financial success, with profits soaring to 1.39 billion Francs. Huber's new role comes amid leadership changes at GKB, as he aims to drive innovative banking practices and growth strategies.
Peter Fanconi
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