06 December 2011
Rating agency Standard & Poor’s announced yesterday evening that it has raised BCV’s long-term credit rating from AA– (positive) to AA (stable). Standard & Poor’s also confirmed BCV’s short-term rating of A-1+.
10 November 2011
BCV Group reported very solid 9M 2011 financial results, in line with the trend observed in recent reporting periods. Revenues increased 1% to CHF 760m* and business volumes continued to expand. Despite the uncertain economic climate and financial market downturn, operating profit declined only 3%.
18 August 2011
BCV Group posted solid results in the first half of 2011. Despite the challenging market environment, net profit was up 6% to CHF 154m.* Revenues were stable at CHF 503m, while business volumes continued to expand steadily. Mortgage lending rose 4% to CHF 21.2bn and customer savings grew 3% to CHF 11.2bn.
05 May 2011
BCV Group posted very good results* for the first quarter of 2011, in line with the momentum observed in recent years. Volumes and revenues were up across most business lines, and operating profit rose 4% year-on-year to CHF 119m. These results take into account the integration of Banque Franck Galland & Cie SA as from 8 February 2011.
24 February 2011
BCV Group turned in very strong 2010 financial results, once again posting a year-on-year improvement. Revenues increased 2% to CHF 996m on sharply rising business volumes. Operating profit rose 2% to CHF 480m and net profit was up 4% to CHF 314m despite a non-recurring charge-off of CHF 34m resulting from the final settlement with the Swiss Federal Tax Administration. The Group is pressing ahead with the dividend policy and equity-optimization strategy announced in 2008. At the next Annual Shareholders’ Meeting, the Board of Directors will therefore propose an ordinary dividend of CHF 22 as well as a distribution of CHF 10 per share out of paid-in reserves. This will allow the Group to return CHF 275m to shareholders.