BCV Group H1 2016 operating profit stable in a challenging environment
In a challenging environment, BCV Group’s H1 2016 operating profit remained stable at CHF 198m. Revenues decreased by 6% to CHF 494m as interest rates stayed negative, financial markets were lackluster and net trading income fell back from the record levels seen in H1 2015. As expected, net profit also came in below the exceptionally high H1 2015 figure, which was pushed up by non-recurring items relating to the sale of the Bank’s stake in Swisscanto. At CHF 157m (–13%), the bottom line nevertheless remained robust and was in fact slightly above the H1 2014 and H1 2013 figures.
Keywords: Relations Investisseurs/ Communiqué de presse