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 Structured Products team wins two awards
At the 2021 Swiss Derivative Awards, BCV’s structured products team won the Top Service award for the sixth time and the Climate Protection award for the first time.
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.
BCV Group posts solid FY 2020 net profit of CHF 331m in a business environment impacted by Covid-19
BCV Group delivered solid FY 2020 financial results, with a net profit of CHF 331m, down 9% compared with 2019’s record bottom line. Revenues decreased 6% or CHF 57m to CHF 945m, mainly due to the Covid-19 pandemic and the continued negative-interest-rate environment. The decline in revenues was partially offset by firm cost control, with total operating expenses down 2% or CHF 9m. Operating profit stood at CHF 373m down 11% or CHF 46m.
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 survey carried out in 2020 by LINK Institut on what people think of the main banks in Vaud.