BCGE reports moderate growth

The Banque Cantonale de Genève has reported its first half results for 2013. The bank reports a rise in net profit of CHF 36.8 million while gross profit is CHF 65.4 million, reflecting moderate growth in its credit business. On reporting the results, BCGE management indicated that they are making progress in terms of competitiveness: assets under management and administration have risen by 2% to CHF 1.1 billion. The rise in profitability is further underpinned by a 6% reduction in operating expenses.

A dynamic entrepreneurial bank

Moving forward with its strategic priority of being a key partner for the regional economy and businesses, the bank has recognized the importance of forging close ties with Asia and has set up the “BCGE Asia Desk” which acts as a networking forum for exchanges between Swiss and Asian entrepreneurs wishing to share their experiences, their methods and knowledge.
The bank has forecast profitability for the whole of 2013 to be at the same level as for 2012.

Source: BCGE

photo credit: keepps via photopin cc