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Romandy banks deliver record performance figures amid volatility

We take a closer look at how some of the cantonal banks performed in 2017.

2017 was a positive year for stock markets, but it wasn't without its challenges. The recent volatility has been one hot topic, as well as low interest rates.

With all of this to think about, we take a closer look at how the cantonal banks in French-speaking Switzerland performed over the course of 2017.

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2017 was a positive year for stock markets, but it wasn't without its challenges. The recent volatility has been one hot topic, as well as low interest rates.

With all of this to think about, we take a closer look at how the cantonal banks in French-speaking Switzerland performed over the course of 2017.

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Banque Cantonale Neuchâteloise

In 2017, the bank's net income rose to CHF 37.6 million.

The bank also experienced some significant growth, allowing it to increase its compensation to the state to CHF 25 million.  

 

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Banque Cantonale du Valais

The bank’s net income rose to CHF 64 million, an increase of CHF 6.5 million versus 2016.

The Valais cantonal bank also saw its operating income increase to CHF 112.6 million, up by 12.2% compared with 2016.

 

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Banque Cantonale de Fribourg

The cantonal bank of Fribourg hit a new high in 2017.

Its operating profit rose to CHF 164.6 million, while net income reached CHF 126.4 million.

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Banque Cantonale Vaudoise

The Cantonal Bank of Vaud recorded an operating profit of CHF 387 million.

Meanwhile, net profits rose to CHF 320 million.

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Banque Cantonale de Genève

The Geneva cantonal bank closed the year with 16% growth in operating profits.

Net profits also rose to CHF 81.6 million.

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Banque Cantonale de Jura

The bank has recorded an increase in its net income of 8.9%, reaching CHF 9.6 million.

In a significant development, the bank's total balance sheet has exceeded CHF 3 million for the first time.

 

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