However,
Charges weigh hypothekarbank lenzburg first:
The Argovian establishment sees its operating product rising 24.5% to 67.97 million francs, while its net profit drops by 17.9%, to 7.8 million. Furthermore,
The regional Bank Argovienne Hypothekarbank Lenzburg has recorded revenue up over the first six months of the year. However, but the increase in costs has dropped profitability. Consequently, The Swiss Bankers subsidiary will be integrated into the business house activity and the replaced management.
In the first half, the establishment saw its operating product rising 24.5% to 67.97 million francs. While the net profit of activities of interest has almost stagnated, that of commissions and services jumped by 73.1% and that of trading activities has been multiplied by three, he detailed on Wednesday in his stages report.
While the charges swallowed 40.8%, the operating profit contracted from 37% to 7.5 million. Net profit has established 7.8 million, charges weigh hypothekarbank lenzburg first down 17.9% over one year.
Assets under management increased 11.6% to 3.6 billion francs.
Faced with the increase in costs. the bank said that the savings measures put in place will be continued in the second half of the year.
Hypothekarbank Lenzburg has also decided to absorb the activities of its subsidiary Swiss Bankers. The founder of Twint, Thierry Kneissler, and administrator of the subsidiary will take over it. Additionally, The current managing director Hans-Jörg Widiger will leave the company. his succession will be settled “in the coming weeks,” said the bank.
charges weigh hypothekarbank lenzburg first — Charges weigh hypothekarbank lenzburg first: The Argovian establishment sees its operating product rising 24.5% to 67.97 million francs, while its net profit drops by 17.9%, to 7.8 million. The regional Bank Argovienne Hypothekarbank Lenzburg has recorded revenue up ove.
Further reading: China: exports boosted in June by the commercial break – This brick will change the world: an American firm announces a thermal battery at 1,800 ° C to reduce steel and cement emissions – Bernard Arnault is no longer the richest man in France, French heirs of luxury whose house has legendary models are now in the lead! – We finally know when Xiaomi electric cars will arrive in Europe – The PLQ denounces partisan appointments: one year from the elections, Legault rewards its “little friends”.