Keystone-SDA
The Raiffeisen banking cooperative reportedly reported on the first six months of the year. The net profit of the number two Swiss Swiss in its sector fell 13.6% over one year to 555 million francs.
(Keystone-ATS) From January to the end of June, the operating profit bent at 13.7% to 670 million, a statement said on Wednesday. The relationship between costs and income took 3.9 percentage points at 59.2%.
Revenue has been 1.89 billion francs, down 2.9%.
The main source of income, interest operations reached 1.3 billion, or 7.5% less. A decrease “expected” by the bank after decreases in the master rate by the Swiss National Bank (BNS) in the first half. Revenues from commission operations and services increased 9.1% to 366 million. And, those resulting from trading took 8.5% to 136 million.
At the end of June, the sum in the balance sheet advanced 2.1% to 311.95 billion. The total loans and customer loans amounted to nearly 239 billion (+2.6%) including mortgage volumes displayed at 226.30 billion (+2.5%). Customer deposits increased by 2.6% to 220.40 billion. Finally, the mass under management increased by 3.4% over one year to 271.76 billion.
For 2025, management expects a withdrawal result compared to the previous year.