Looking back on our more than 100-year history, we have set ourselves the goal of being the bank of choice for medium-sized and large companies, Swiss entrepreneurs, and high-net-worth private clients. To this end, we offer this clientele tailor-made solutions. Our strategy is a modern interpretation of our DNA. It is derived from the vision of the Basel entrepreneurs who founded our bank more than a century and a half ago – a vision that has been continuously adapted to the changing requirements of the market. This has enabled CIC (Switzerland) to develop into a leading bank and a driver of the Swiss economy.

On the one hand, the bank benefits from not being listed on the stock exchange, which gives it the necessary freedom to pursue its objectives in a considered manner. On the other hand, it can count on the expertise of its employees and the agility of a compact structure backed by its solid parent company, Crédit Mutuel Alliance Fédérale – one of the best-capitalized banking groups in Europe. CIC (Switzerland) is a firmly established player in Switzerland that is fully committed to serving the domestic economy and has the support, standards, and expertise of its parent company at its disposal to develop tailor-made solutions for its customers. Today, more than ever, customers are looking to diversify their banking risks. The Swiss market offers concrete prospects, despite rapidly growing competition from abroad.

CIC (Switzerland) is now entering a new phase: After several years at the helm of the bank, Livia Moretti will move to Banque de Luxembourg, another entity of Crédit Mutuel Alliance Fédérale, as Administratrice déléguée in 2026. Livia Moretti will be succeeded by David Fusi, who has been a member of the CIC (Switzerland) Executive Board since 2011. In his new role as CEO, he will ensure continuity in the strategic direction and priorities of the Board of Directors.

Under the impetus of the Executive Board and with the dedicated commitment of all teams, the work of recent years has made it possible to strengthen the bank's financial solidity and further develop its governance and risk management standards to the point where they now correspond to market best practices. Our employees are the cornerstone of CIC (Switzerland). Combined with proven processes and a strong culture of collaboration, this strong focus on people gives us a sustainable competitive advantage. We are consistently and purposefully driving forward the implementation of our strategy, always with a view to sustainable performance: Collective, Effective, Supportive.

On behalf of the Board of Directors, I would like to express my sincere thanks to our clients – your continued trust in our bank is the basis for successful business relationships.

In 2025, all sectors of the economy continued to face economic uncertainty due to tariffs, inflation, changes in key interest rates, the strength of the Swiss franc, rising gold prices and armed conflicts. In this environment of general uncertainty, which is also seeing a tightening of the regulatory framework, one thing remains clear: even if you are exposed to instability, risks remain manageable.

As expected, the Swiss National Bank’s gradual cuts in key interest rates over the past 18 months have had an impact on our interest margins. However, we have managed to cushion this impact by expanding our commission and trading business. In addition, our key figures are pointing in the right direction: the increase in business volume reflects both the stability of our customer relationships and the dynamism of our sales teams. These results thus confirm the outlook and direction we have defined in our strategy.

Relationships with our customers are at the heart of our business model. Thanks to our expertise, we are able to offer our core customers tailor-made financing, investment and savings solutions that cover all their needs. Our 360-degree approach enables us to seamlessly combine our financing solutions with our portfolio management services. In doing so, we can draw on both our local expertise in Switzerland and the international expertise of our group, Crédit Mutuel Alliance Fédérale. To provide our customers with the best possible service, we combine a strong service culture with an open ear for their concerns. This enables us to understand complex needs and develop individual solutions.

I firmly believe that our responsibility as a bank that actively contributes to economic growth in Switzerland goes beyond simply financing our economic players. In addition to our contribution to the «social dividend» of our group, Crédit Mutuel Alliance Fédérale, which supports environmental, social and regional projects, we are also committed to promoting and providing access to culture and education. We regard these commitments as the cornerstone of sustainable social added value and, as part of our cultural sponsorship and through donations, we support several outstanding institutions, such as the Collegium Musicum Basel, the oldest independent professional orchestra in Basel, and «Le livre sur les quais», the most important literary event in western Switzerland.

Last year, we expanded our charitable activities and replaced our traditional end-of-year gifts with a financial donation to the Swiss Study Foundation. The foundation supports committed students who contribute new ideas and will take on responsibility in society.

Thanks to our media presence in various Swiss newspapers, economic forums and TV debates, we were not only able to increase our visibility, but also actively contribute to the discussion on banking regulation in Switzerland.

Building on the numerous successes we achieved in the reporting year and in line with the general development of CIC (Switzerland), we will also further develop the bank’s governance in 2026. Our Chief Business Officer, David Fusi, has been appointed Chief Executive Officer and will succeed me. As the future Administratrice déléguée of Banque de Luxembourg, an important unit of Crédit Mutuel Alliance Fédérale, I will be committed to further strengthening the cooperation and synergies within the group that are already firmly anchored in our strategic plan. With my appointment to the Board of Directors of CIC (Switzerland), I will continue to be involved in the development of our bank in Switzerland, the Swiss economic fabric and its financial marketplace.

The past three years in Switzerland have been intense and rich in encounters. I would like to express my sincere thanks to all the bank’s employees for their commitment, loyalty and shared successes over the past three years. I would also like to thank my colleagues on the Executive Board for their tireless efforts and the members of our Board of Directors for the trust they have placed in me. In line with our further development goals, we will be opening a new chapter in our collaboration.

Together, we believe in the power of the collective and are firmly convinced that by combining our strengths, we can create real added value. We are highly effective at identifying opportunities, pragmatically accepting challenges and developing innovative approaches. As key players in the sustainable development of the Swiss economy and society, we act in solidarity.

I look forward to our joint successes and the promising opportunities that lie ahead.