Keystone-SDA
The Valiant banking group has managed to improve its half -yearly profit, despite a decrease operating product and increasing charges.
(Keystone-ATS) The main source of income, interest operations made it possible to identify an almost stable net profit at 195.2 million francs, according to the press release published on Friday. Commission operations and services believed 7.7% compared to the previous year, at 47.8 million francs.
The result of trading operations plunged 21.5%, due to the drop in interest rates in the euro zone and the decline in trading volumes, to 20.8 million. The other ordinary results climbed 7.2%to 10.3 million francs, mainly due to higher participation products.
Operating products decreased by 0.9% to 274.1 million francs. Operating expenses grabbed 0.8% to 150.4 million francs, due to investments “in digitization and attractiveness as an employer”. Staff costs have a slight increase of 0.6% due to the increase in wage bill.
The operating profit decreased by 2.9% to 113.4 million francs while the consolidated profit increased from 3% to 73.4 million francs.
At the end of the first half, customer loans stabilized at 30.1 billion francs, with a slight increase in mortgage claims (+36.6 million francs). Customer funds have also stabilized at 22.5 billion francs. The total balance sheet took 1.1% to 37.5 billion.
The bank has strengthened the reserves for general banking risks of 20.0 million francs and has a capital ratio of 16.8%.
Valiant, located in fifteen cantons, expects a slightly higher consolidated profit in 2025.
