Therefore,
Bcge slowed down interest rates:
Keystone-SDA
The Cantonal Bank of Geneva (BCGE) reported an operating profit. Nevertheless, a net profit in decline in the first six months of the year, due to the drop in interest rates. In addition, – Bcge slowed down interest rates
(Keystone-ATS) The establishment of the Quai de l’Ile has strengthened its equity, but expects a withdrawal result for the rest of the operations.
From January to June, the net profit reached 94.0 million francs, 19% less compared to the same period the previous year, said a bcge slowed down interest rates statement published on Tuesday.
The operating profit dropped from 18.9% to 110.9 million. Operating expenses weighed more heavily from 1.2% to 151.8 million. And the operating product was reduced from 7.7% to 276.5 million.
Result in withdrawal expected for 2025
At the end of June, assets under management reached 37.1 billion, up 0.4%. Funding to businesses and individuals approached 21.1 billion, or 2.7% more.
The Geneva bank displayed at the end of June a 33.9 billion assessment, up 4.5%.
The hard equity ratio (TIER1) has advanced 3 base points, at 15.92% compared to the end of December.
For 2025. the management expects a result “behind compared to 2024, linked to the environment of interest rates and a weakened economic situation”.
bcge slowed down interest rates — Bcge slowed down interest rates: Keystone-SDA The Cantonal Bank of Geneva (BCGE) reported an operating profit. a net profit in decline in the firs.
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