French-speaking Switzerland successfully bucks headwinds
GDP in French-speaking Switzerland rose 45.2% between 2000 and 2020 despite repeated economic shocks over the past two decades, from the bursting of the dot-com bubble to the Covid-19 pandemic. The region outpaced Switzerland as a whole, where GDP was up 39.3% over the same period, as well as the United States and the eurozone (up 33.5% and 17.7%, respectively). Only Central and Northwest Switzerland fared better, rising 53.7% and 52.5%, respectively, while growth in Bern-Solothurn, Eastern Switzerland, Zurich, and Ticino (between 24.2% and 37.0%) was not as strong.
BCV Group H1 2021 net profit up 10% to CHF 173m*
BCV Group delivered very good H1 results. Despite the impact of the Covid-19 pandemic and the continued negative-interest-rate environment, revenues were up 3% to CHF 493m, driven mainly by an increase in fee and commission income. Operating profit rose 13% year on year to CHF 203m on firm cost control. Net profit was up 10% to CHF 173m.
BCV joins the deritrade structured products platform
BCV and Vontobel are entering into a strategic partnership for the white-labeling of structured products.
All resolutions approved at BCV’s annual meeting
BCV's Annual Shareholders’ Meeting was held today in Lausanne, Switzerland.
2020 Annual Report and CSR Report
BCV’s 2020 Annual Report and 2020 Sustainability Report are now available on our website bcv.ch.
370,000 people in Vaud bank with BCV
We are Vaud's leading bank for retail and business customers alike. Our focused business model, consistently strong performance, and solid balance sheet make us one of the few banks in the world with a AA rating from Standard & Poor’s despite not being backed by a government guarantee.
For the third year in a row, BCV was the most recommended bank in Vaud in a 2020 survey on what people think of the main banks in the Canton.
We are grateful to the residents of Vaud for this vote of confidence.