Fully-integrated companies at 31 December 2021
More than CHF 4.0 billion |
17.6% |
Full-Year 2022 Revenues Full-Year 2022 Operating Profit Full-Year 2022 Net Profit |
|
CHF 108.9 billion |
1,957 |
AA |
Fully-integrated companies at 31 December 2021
|
|
Capital (in millions) |
Control (%) |
---|---|---|---|
Banking interests |
|||
Piguet Galland & Cie SA, Yverdon-les-Bains |
CHF |
24.4 |
99.70 |
Financial and real-estate companies |
|||
Gérifonds SA, Lausanne |
CHF |
2.9 |
100.00 |
Gérifonds (Luxembourg) SA, Luxembourg |
EUR |
0.1 |
100.00 |
Sociétés pour la gestion de placement collectifs GEP SA, Lausanne |
CHF |
1.5 |
100.00 |
Our business strategy is guided by our ultimate goal of creating value for shareholders, clients and employees. Our business model is that of a universal bank with solid local roots, and we believe that this is the best way to ensure profitable growth going forward. Our operations are focused on four core businesses – Retail Banking, Private Banking, Corporate Banking, and Trading – but we remain active in select niche activities offering significant growth and profitability potential. Our risk profile is moderate, and we take an active approach to equity capital management.
In 2019, we defined a new strategic phase that builds on those we have been implementing for more than ten years. This next phase aims to maintain the positive trend that the Bank’s business lines have been experiencing over the past few years. It is also designed to position the Bank to respond to the main challenges we will face in the coming years, such as heightened competition, persistently low interest rates, advancements in digital technology, and ever-changing customer needs.
For the business lines, we are targeting:
We have identified several strategic focus areas that will enable us to meet future challenges. These goals include:
The Group aims to achieve sustainable growth, with revenues and operating profit trending along the same lines as in recent years. We are targeting a cost/income ratio of 57%–59% and a CET1 ratio of at least 13%; our ROE target based on this minimum target CET1 ratio is now 13.5%–14.5%. These targets should be viewed from a long-term perspective.
In line with the approach adopted over the last 15 years, BCV decided in 2022 to extend its dividend policy for another five years beginning with the 2023 reporting period. We intend to pay an ordinary dividend of CHF 3.80–4.20 per share, barring significant changes in the economic or regulatory environment or in the Bank’s situation.
File size : 4 MB - Last update: 09.02.2023
Pursuant to Article 4 of the Cantonal Act Governing the Organization of Banque Cantonale Vaudoise (LBCV), our corporate mandate is to offer a comprehensive range of banking services to the Vaud community, to foster the development of all sectors of the Vaud economy, and to help finance the Canton’s public-sector organizations. Also, as part of our community focus, we provide mortgage financing in the Canton. The Act also stipulates that BCV is to be guided by the principles of economically, environmentally, and socially sustainable development. More generally, our mission is to create value for our shareholders and clients, be a benchmark employer, and be a good corporate citizen.
All banks talk about corporate values. At BCV, we live them. We believe that one of the keys to our long-term success is having a common culture built around our fundamental values and shared by all our employees. Our values underpin all our actions – as well as our interactions with customers and colleagues.
We have our own trading room, which gives us greater independence in carrying out transactions. Investors and businesses can buy and sell stocks, bonds, and currencies through a BCV trader. We also offer a trading platform where customers – whether novice investors or seasoned hands – can buy and sell securities themselves.
Banque Cantonale Vaudoise (BCV) was founded on 19 December 1845 by the Vaud Cantonal Parliament.
The Canton of Vaud is BCV’s majority shareholder, with 66.95% of the Bank’s share capital. BCV is listed in the Vaud Commercial Register and is subject to all applicable Swiss legislation. Its legal status is defined in the Cantonal Act Governing the Organization of Banque Cantonale Vaudoise (LBCV) of 20 June 1995, as amended on 25 June 2002, 30 January 2007 and 2 March 2010.
BCV’s commitments are not underwritten by the Canton. However, customer deposits are covered by a nationwide system of investor protection concerning Swiss banks and securities dealers. This system insures deposits of up to CHF 100,000 per person and per bank.
This document contains BCV's Articles of Incorporation.
File size : 161 KB - Last update: 15.05.2022
The aim of this code of professional conduct is to ensure that all BCV Group employees are aware of the behavior that is expected of the company as a whole, the governing bodies and each and every staff member.
File size : 315 KB - Last update: 24.01.2022
La Loi organisant la BCV définit notamment son statut juridique.
File size : 150 KB - Last update: 26.10.2017
Banque Cantonale Vaudoise
Place St François 14
PO Box 300
1001 Lausanne
Switzerland
Phone: +41 21 212 10 00
Email: info@bcv.ch
CCP: 10-725-4
BIC / SWIFT: BCVLCH2LXXX
VAT / IDE: CHE-116.320.238 TVA
Clearing / CB: 767
GIIN: 6X567Y.00000.LE.756
LEI: K1MOBB3OPSBBQO554R76