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2017 Financial news

17 August 2017

BCV Group H1 2017 operating and net profit up

BCV Group delivered very solid H1 results despite the ongoing negative-interest-rate environment.

31 May 2017

Andreas Diemant to join BCV as head of the Corporate Banking Division

BCV’s Board of Directors has appointed Andreas Diemant to the Bank’s Executive Board as head of the Corporate Banking Division. Mr. Diemant, currently head of UBS’s Swiss institutional clients unit and a member of that bank’s management board for corporate and institutional clients, will join BCV on 1 September 2017. He will replace Jean-François Schwarz, who has been in charge of corporate banking at BCV since 2003 and will retire on 30 June.

27 April 2017

All resolutions approved at BCV’s annual meeting

BCV's Annual Shareholders’ Meeting was held today at the Palais de Beaulieu in Lausanne, Switzerland. The meeting was attended by 718 shareholders, representing 78.51% of the Group’s capital. All items on the agenda were approved, including the compensation of the members of the Board of Directors and the Executive Board, which was accepted by more than 90% of the votes cast. Shareholders also approved the 2016 consolidated financial statements, which show a CHF 310m net profit.

28 March 2017

2016 Annual Report

The 2016 Annual Report contains the financial statements of the BCV Group and parent company at 31 December 2016.

28 February 2017

Jacques de Watteville to succeed Olivier Steimer as Chairman of the Board

The Vaud Cantonal Government has appointed Jacques de Watteville as the new Chairman of BCV’s Board of Directors. He will replace Olivier Steimer, Chairman since 2002, and take up his position on 1 January 2018.

16 February 2017

BCV Group posts CHF 310m net profit in 2016

BCV Group delivered solid 2016 results in a challenging environment. Due to persistently negative interest rates and lackluster financial markets, revenues declined 6% to CHF 967m and operating profit dropped 4% to CHF 383m. As expected, net profit came in below the 2015 figure, which was pushed up by non-recurring items. It fell 8% to CHF 310m, which is nevertheless higher than in 2013 and 2014. At the next Annual Shareholders’ Meeting, the Board of Directors will propose an ordinary dividend of CHF 23 per share and a special distribution of CHF 10 per share out of paid-in reserves, in accordance with the Bank’s distribution policy. If the proposals are approved, the Group will pay out a total of CHF 284m to shareholders.