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.

Keywords: Relations Investisseurs/ Résultats financiers/ Communiqué de presse