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Appenzeller Kantonalbank reported a record profit of CHF 12.3 million for 2024, marking a 0.5% increase from the previous year. The bank experienced solid growth in mortgages, with loans rising by 4.9% to CHF 3.69 billion, and customer deposits increasing by 4.4% to CHF 3.4 billion. Total assets reached CHF 4.4 billion, reflecting a 4.6% growth year-on-year.
Appenzeller Kantonalbank achieved its best annual result since 1900, posting a net income of CHF 24 million, slightly surpassing the previous year's record. Key earnings pillars, including loans and customer deposits, saw growth, with total assets rising to nearly CHF 4.4 billion. The bank plans to distribute CHF 7.5 million to the canton of Appenzell Innerrhoden while continuing to invest in growth and digitalization.
APPKB achieved its best annual result since 1900, with net operating income of CHF 24 million, slightly surpassing the previous year's record. Key earnings pillars, including loans and customer deposits, showed growth, with gross interest income rising by 4.7% to CHF 39.9 million and customer deposits increasing by CHF 143 million to CHF 3.4 billion. The bank's mortgage business grew by 4.8% to CHF 3.5 billion, and commission income from securities and investment rose by 7.7% to CHF 4.8 million, reflecting its strengthening position in the market.
Appenzeller Kantonalbank has been recognized as the top bank for private customers in Eastern Switzerland, according to a survey by "Statista" and "Handelszeitung." Additionally, it ranked second for customer service nationwide. Director Ueli Manser attributes this success to the bank's straightforward product offerings and commitment to excellent service, reflecting strong customer confidence.
Appenzeller Kantonalbank (APPKB) has been recognized as the best bank for private customers in Eastern Switzerland, according to a Statista survey in collaboration with "Handelszeitung." The bank also secured the second-best customer service ranking in Switzerland, reflecting its commitment to a straightforward product range and exceptional service. Director Ueli Manser expressed gratitude for the awards, viewing them as a strong endorsement from customers.
Ueli Manser
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