2023 Half-Year Results
Investors' and analysts' presentation 17 August 2023
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Half-Year 2023 Financial Results | 2 |
Agenda
Introduction
Pascal Kiener, CEO
HY 2023 financial results Thomas W. Paulsen, CFO
Outlook
Pascal Kiener, CEO
Half-Year 2023 Financial Results | 3 |
Key messages
Business trends differed across segments: growth in mortgage loans (+2%) and deposits from individuals and SMEs (+1%); decline in other lending (-2%) and deposits from large corporates and institutionals (-5%)
Revenue up 11% to CHF 582m, driven by net interest income, which increased by 23% on higher interest rates
Operating profit up 22% year on year to CHF 276m and net profit up 22% to CHF 240m - the highest half-year net profit since 2007
Half-Year 2023 Financial Results | 4 |
HY 2023 key figures
CHF (rounded), unaudited figures
Revenues | Operating profit | Net profit | ||
582m | 276m | 240m | ||
+11% | +22% | +22% | ||
1.0
Total assets | AuM | |
58.9bn | 112.3bn | |
-1% | +3% | |
Half-Year 2023 Financial Results | 5 |
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BCV - Banque Cantonale Vaudoise published this content on 17 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2023 06:03:03 UTC.