Income, profitability, loans or even management assets, the Cantonal Bank of St-Gall (SGKB) has progressed in all directions in the first six months of the year. The establishment in particular expanded its net profit from 13.6% to 114.1 million francs.
The operating product swallowed 9.8% to 301.8 million francs, brought by a gross result of improved interest operations of 10.3% to 184.9 million. Commissions and services delivered an extended contribution of 9.0% to 89.4 million. The result of the trading jumped from 16.7% to 26.0 million, had the intermediary report broadcast on Wednesday.
Operating expenses have also taken the elevator, but to a lesser extent as revenue. The bill was increased from 6.8% to 159.8 million. The result is an operating result up 11.2% to 133.9 million.
The net of net money fresh over the period reached 2.0 billion and the mass under management swallowed 3.7% to 66.9 billion. The volume of loans to customers grabbed 1.1% to be 34.1 billion.
Management augurs for the whole of the current financial year a net profit comparable to the 215 million released last year, but prefers not to venture if not on the ground of quantified perspectives due to non -negligible uncertainties currently hovering on the economic situation.
This article was published automatically. Sources: ATS / AWP