08 December 2010
BCV Group has reached an agreement with Johnson Financial Group to acquire Banque Franck Galland & Cie S.A., which it will merge with its wealth management subsidiary Banque Piguet & Cie S.A. The new bank, Banque Piguet Galland & Cie S.A., will focus primarily on the Swiss market and rank among the major private banks in French-speaking Switzerland.
07 December 2010
11 November 2010
BCV Group reports 4% rise in operating profit at 30 September
BCV Group reported solid financial results for the nine months ended 30 September, in line with the trend observed in the first half of the year. Operating profit rose 4% to CHF 371m.
19 August 2010
Net and operating profit at BCV Group up 7% in H1 2010
BCV Group posted very strong H1 2010 financial results. Operating profit rose 7% to CHF 244m, while business volumes continued to grow steadily and revenues climbed 5% to CHF 503m. Net profit was also up 7% to CHF 146m despite a non-recurring charge-off of CHF 34m after reaching a final settlement with the Swiss Federal Tax Administration (FTA).
29 April 2010
BCV Group reports strong Q1 10 results
BCV Group posted very good results for the first quarter of 2010, in line with the momentum observed in 2009. Volumes and revenues across all business lines were up, and operating profit rose 16% year-on-year to CHF 114m.
29 April 2010
25 February 2010
Operating profit up 11% at BCV Group
BCV Group posted very strong 2009 financial results despite the challenging economic environment. Revenues increased 5% to CHF 976m on sharply rising business volumes that testified to strong customer loyalty and confidence in the Bank. Operating profit was up 11% to CHF 470m. At over CHF 300m, net profit remained strong even though Group earnings are no longer boosted by extraordinary items. The Board of Directors will propose a CHF 21 dividend and a CHF 10 par-value reimbursement at the next Shareholders’ Meeting, in line with the dividend policy and the equity-optimization strategy announced in 2008. These two operations will return CHF 267m to shareholders.
28 January 2010
BCV's Board of Directors has appointed Bertrand Sager to the Bank's Executive Board. He will lead the Credit Management Division that was created as part of the strategic reorganization launched in November 2008. Mr. Sager’s vast experience in this field makes him the perfect fit for the role of Chief Credit Officer (CCO). Under the Bank’s new strategy, the CCO has bank-wide responsibility for all credit analysis, monitoring and administration activities.
