News

Despite a context of various international crises, falling interest rates and a strained situation in the money market, 2024 once again saw CIC (Switzerland) achieve a record profit, up 15.4% from the already exceptional financial year 2023 to CHF 47 million.

The year 2023 saw a record net profit of CHF 40.7 million (+55.7%) for Bank CIC (Switzerland) Ltd. Performance metrics reflect the strategic changes launched last year under the new management team, especially the clear repositioning as a supporter of the Swiss economy and its players. Mortgage lending rose to CHF 7.3 billion (+2.5%), and advances to customers increased to CHF 2.5 billion (+0.9%). The growth in own funds to CHF 849 million (+3.5%) and the 14.6% overall capital ratio show Bank CIC is well capitalised.

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.