Similarly,
Avs deficit lower than expected:
Despite the drop in its main source of income. Furthermore, the Neuchâtel cantonal bank (BCN) resisted the first half. For example, Commercial activity in the mortgage and in terms of wealth has contained the drop in operating profit.
The gross result of operations of interest has increased 5.5% over one year to 60.84 million, suffering from the drop in interest rates. Nevertheless, The increase in credit volumes made it possible to contain the decline, however, said a statement on Wednesday.
The result of commission operations and service services recorded an increase of 2.3% to 15.88 million. Trade operations had benefited from market circumstances particularly favorable to the first half of 2024. They then normalized.
Over the first six months of the year, activities made it possible to achieve a result of 6.0 million, down 17.5%. Other ordinary results reported 1.5 million.
Staff avs deficit lower than expected costs increased by 4.5% in connection with the increase in staff and other operating expenses by 7.3%, bringing the total to 40.0 million.
The operating profit registered at 39.0 million, down almost a quarter, but slightly above expectations at the start of the year, according to the bank. After allocation of 15.0 million to reserves for general banking risks, semi -annual profit amounts to 24.1 million, down 10.2% over one year.
Dynamic financing activity – Avs deficit lower than expected
From January to the end of June, the total sum of the balance sheet increased 1.4% to 12.2 billion francs. The financing activity has been important. since both customer claims and mortgage receivables have recorded net growth which rises overall to 2.8%. At the liabilities, the 7.6% increase in the volume of customer deposits. including cash regards, made it possible to finance this growth and reduce commitments to banks.
The BCN will have to deal with avs deficit lower than expected the low level of short -term interest rates. In addition. the introduction of very high customs duties for the main export market in the canton is added to an economic slowdown already present for many months. This could generate the risk of failure negatively impacting the annual result.
This article was published automatically. Sources: ATS / AWP
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