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Cantonal Bank – ZKB with 7 per cent more income in the first half – year News

Friday, August 25th, 2017 | Economy

All earnings pillars would have contributed to the pleasing result, the money house announced on Friday in a communiqué. The important interest rate business increased its profit by 2.6 percent to 598 million Swiss francs. Earnings from the commission and services business grew even more, rising by just under 5 per cent to 378 million Swiss francs. In the retail business, ZKB generated a profit of CHF 187 million, a good 2 percent.
On the other hand, costs also rose by more than 3 percent. Due to lower value adjustments and depreciation, however, an improvement in the profit margin was achieved by 7 percent.
"In the first six months of the current year, we have once again succeeded in achieving an excellent result," said ZKB CEO Martin Scholl in the Communiqué. This demonstrates the Bank's operational strength. He is confident that the ZKB will also achieve an attractive result in the second half of the year.
(SDA)

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