News

USD/CHF 0.8525 – EUR/USD 1.0950 – EUR/CHF 0.9350 - GBP/CHF 1.0875– XAU/USD 2,050

With effect from 1 August 2023 Yves Aeschlimann has been appointed Chief Risk Officer and member of the Management Board. This appointment has been approved by FINMA. In this post he will be specifically responsible for supervising the risk, compliance and legal functions.

Patrick Python, member of the Management Board, will leave the bank on 31 July 2023 to take on new professional challenges.

2022 was a challenging year for the world and for Bank CIC (Switzerland) Ltd. The bank demonstrated its resilience with net profit of CHF 26.2 million (-26.7%) and credit volume of CHF 9.7 billion (+2.9%), and is further strengthening its risk policy.

USD/CHF 0.9275 – EUR/USD 1.0600 – EUR/CHF 0.9850 – GBP/CHF 1.1275 – XAU/USD 1,800

With effect from 1 December 2022, Bank CIC (Switzerland) Ltd. is tripling the interest rate on certain products. In doing so, it is remaining faithful to its traditional role as a reliable financial partner with some of the best interest rates in Switzerland for companies, entrepreneurs and private individuals with complex financial needs.

We are delighted to enter into a new partnership with the red and blues. As a traditional Basel bank, to date we have been supporting the DreamTeam at FC Basel 1893 as a sponsor. Now we are stepping up our commitment to become a premium partner to FCB.

For a number of months now, AXA has been offering a digital asset management solution under the name EasyInvest. This allows all client groups to have their assets managed online directly. As the implementation partner, Bank CIC has realised the project and provides all services, including digital onboarding, via interfaces. In doing so, the bank acts as an integrated service provider and an efficient custodian bank. EasyInvest was developed in conjunction with ti&m AG on the basis of “clevercircles”, Bank CIC’s own investment platform, and is operated on the same infrastructure in Switzerland.

Annual inflation in the US rose to 4.2% in April 2021 – its highest level since 2008. The rise – which benefited from base effects – is a direct consequence of the reopening of the economy and the resulting increase in consumption. This trend is likely to reach its peak in the next few months, which could further exacerbate fears of inflation.