18 August 2016
BCV Group H1 2016 operating profit stable in a challenging environment
In a challenging environment, BCV Group’s H1 2016 operating profit remained stable at CHF 198m. Revenues decreased by 6% to CHF 494m as interest rates stayed negative, financial markets were lackluster and net trading income fell back from the record levels seen in H1 2015. As expected, net profit also came in below the exceptionally high H1 2015 figure, which was pushed up by non-recurring items relating to the sale of the Bank’s stake in Swisscanto. At CHF 157m (–13%), the bottom line nevertheless remained robust and was in fact slightly above the H1 2014 and H1 2013 figures.
07 July 2016
Christian Meixenberger to join BCV as head of the Business Support Division
BCV’s Board of Directors has appointed Christian Meixenberger to the Bank’s Executive Board as head of the Business Support Division.
21 April 2016
Press release: All resolutions approved at BCV’s annual meeting
BCV's Annual Shareholders' Meeting was held today at the Palais de Beaulieu inLausanne, Switzerland. The meeting was attended by 786 shareholders,representing 80.71% of the Group's capital. All items on the agenda were approved, including the compensation of the members of the Board of Directorsand the Executive Board, which was accepted by more than 90% of the votes cast.
01 April 2016
2015 Annual Report and CSR report
BCV’s 2015 Annual Report and fifth corporate social responsibility (CSR) report are now available on our website (www.bcv.ch)
10 March 2016
Changes to BCV's Board of Directors
The Vaud Cantonal Government has appointed Paul-André Sanglard as Vice Chairman of BCV’s Board of Directors. Mr. Sanglard, who is already a Board member, will take up his new position on 21 April 2016. In addition, at the Annual General Meeting on 21 April 2016 the Board of Directors will submit a proposal to appoint Jack Clemons to replace Pierre Lamunière, who will step down from the Board on that same date.
18 February 2016
BCV Group net profit up 14% in 2015
BCV Group has delivered very solid 2015 results. In an environment that remained mixed, revenues rose 2% to CHF 1.026bn and operating expenses fell slightly to CHF 514m. Operating profit was up 5% to CHF 399m, reflecting a positive business trend. Net profit increased 14% to CHF 336m, driven in part by the Bank’s sale of its stake in Swisscanto. As a sign of its confidence in the Bank’s prospects going forward, BCV’s Board of Directors will propose a CHF 1 increase in the ordinary dividend to CHF 23 per share, as well as a special distribution of CHF 10 per share out of paid-in reserves, at the upcoming Annual Shareholders’ Meeting. If the proposals are approved, the Group will pay out a total of CHF 284m to shareholders.
