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Banque Cantonale de Genève BCGE Group half-year results As at 30 June 2026
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Sommaire Contents EXECUTIVE Nicolas Krügel SUMMARY Nicolas Krügel CONCLUSION FINANCIAL FIGURES Frédéric Vernet CEO CFO CEO
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2 GROWTH EXPENSES UNDER CONTROL HIGHLIGHTS RISK MANAGEMENT ➢ Sustained growth in market share in the Bank’s strategic business segments ➢ Disciplined cost control that is aligned with the Bank’s expansion ➢ Creation of a new subsidiary, Synchrony Asset Management ➢ Launch of the new Boost loyalty programme ➢ Limited credit losses despite a volatile economic environment CHF
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3 Key indicators 16.5% 138 million 21.8 billion Operating profit Loans granted Net profit Assets under management and administration 119 million 41.9 billion Cost/income ratio 50.5% 2.6 billion +24.7% -19.0% Equity capital Equity capital ratio 9.5% ROE +26.2% +2.1% +3.7% -437bp +2.6% -41bp +143bp
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Strong increase in results 4 0 20 40 60 80 100 120 140 30.06.2025 30.06.2026 in CHF million Operating profit Net profit +24.7% +26.2% 111 94 138 119 ➢ All of the Bank’s business lines boosted its operating profit in a subdued interest-rate environment ➢ Net profit reached a new first-half record
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5 0 50 100 150 200 250 300 350 30.06.2025 30.06.2026 in CHF million Total operating expenses Operating income 152 276 157 310 +12.3% +3.3% Growth in revenues reflect increase in market shares ➢ Fee and commission income and other income accelerated, in line with the Bank’s aim to diversify its revenues ➢ Operating expenses remain under control, while supporting the Bank’s growth
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0 50 100 150 200 250 300 350 30.06.2025 30.06.2026 In CHF million 21 Growth driven by all business segments 6 164 181 276 310 +12.3% Net interest income Trading operations Other incomeFees and commissions 77 85 23 14 21 ➢ Net interest income up despite zero interest-rate environment ➢ Fee and commission income continued to rise, underpinned by growth in assets under management and robust client activity ➢ Increase in trading operations was boosted by forex activities ➢ Other income rose sharply, bolstered by dividends on holdings and income from own assets
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7 0 20 40 60 80 100 120 140 160 180 200 30.06.2025 30.06.2026 in CHF million Gross interest margin 1.04% Margin rate +1bp +4.5% 175 183 Commercial discipline underpins interest margin ➢ The increase in our gross interest margin is satisfying given the increasingly competitive business environment ➢ That margin is growing, thanks to diversification in our refinancing activities, profitable business growth and disciplined asset and liability management
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8 197 111 0 10 20 30 40 50 60 70 80 90 30.06.2025 30.06.2026 In CHF million 17 18 22 26 77 85 Commissions on securities Lending fees Other fees and commissions +11.1% 37 42 Sustained growth in fees and commissions ➢ Growth in asset management activities continues ➢ Slight drop in lending fee income due to decline in real estate development and changes in exchange rates ➢ Income from other fees and commissions reflects rise in retail banking and fund representation services
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21.4 21.221.4 21.8 0 5 10 15 20 25 30 35 40 31.12.2025 30.06.2026 in CHF billion 9 Total assets Client deposits Loans and advances to clients and mortgage loans Steady and well-diversified balance sheet growth ➢ Proportion of mortgage loans in the balance sheet total (43%) reflects high level of diversification ➢ Deposits held steady, despite heightened volatility over the period ➢ Liquidity ratios remain robust, well above regulatory requirements. NSFR 138% -79bp LCR 177% +1.9% 21.2 35.621.8 34.921.4 21.4
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10 197 111 0 5 10 15 20 25 31.12.2025 30.06.2026 in CHF billion 15.0 6.4 21.4 21.8 Mortgages Loans and advances to clients 15.4 6.4 +2.1% Mortgage loans: a growth driver ➢ The Bank continues to diversify its capital across industries, geographies and types of commitments ➢ The real estate market is robust; in the Canton of Geneva, the vacancy rate remains at an all-time low ➢ In keeping with its mission to support Geneva’s economy, the Bank continues to fulfil the dreams of over 258,000 clients NPL 1.06% +11bp
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11 197 111 0 5 10 15 20 25 30 35 40 45 31.12.2025 30.06.2026 in CHF billion 17.8 6.8 15.8 40.4 41.9 AuM Savings and pension products Cash and cash equivalents 19.4 15.76.9 +3.7% New inflows support assets under management and administration ➢ The Bank continued to attract new assets under management and benefited from favourable market conditions ➢ This growth attests to BCGE's commercial success and confirms clients’ trust in the Bank ➢ In terms of funds deposited with the bank, trends diverge between private clients and corporate clients
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12 0 20 40 60 80 100 120 140 160 30.06.2025 30.06.2026 in CHF million 152 157 Personnel expenses Other operating expenses 91 96 61 61 +3.3% FTEs 972 + 14 Cost/income 50.5% -437bp Disciplined expense growth ➢ The bank continued to improve its operational efficiency ➢ The pace of investment remained steady to improve the client experience, support business strategies, strengthen the resilience of the Bank’s infrastructure and comply with regulatory requirements
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13 0 500 1'000 1'500 2'000 2'500 3'000 31.12.2022 31.12.2023 31.12.2024 31.12.2025 30.06.2026 Equity capital 1,984 2,184 2,346 2,499 2,564 Equity capital ratio 16.5% -41bp Min. requirement 12.7% in CHF million Strengthened capital base underpins growth ➢ The Bank maintained a solid capital base; its Standard and Poor’s rating is AA-/A-1+/Stable
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0 2'000 4'000 6'000 8'000 10'000 12'000 14'000 16'000 31.12.2025 30.06.2026 Shareholders Private and institutional Shareholder base remains well-diversified 14 27.4% 44.3% 20.9% 7.4% 14,974 15,290 Private and institutional shareholders City of Geneva Geneva municipalities Canton of Geneva ➢ The free float is well-diversified with nearly 15,000 shareholders
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BCGE share performance 15 ➢ The BCGE share closed the first half of the year at CHF 34.0, or 95% of the share’s intrinsic value, which, relative to the Bank’s equity capital, stands at CHF 35.6 as at 30 June 2026 Rebased index, 1 January 2021 = 100 BCGE 20252024202320222021 80 120 140 180 200 220 240 SPI Index Swiss Bank Index 160 100 2026 CHF 34.0
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Allocation of distributable profits 16 50.4 150.9 211.3 224.5 ➢ At the General Meeting held on 28 April 2026, BCGE’s shareholders approved an increased dividend of CHF 0.70 per share 30.4% 69.6% Allocation to reserves Payout 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 2021 2022 2023 2024 2025 Dividend per share 0.45 0.55 0.65 0.65 0.70
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Macroeconomic outlook 17 1.2 GDP 0.0 KEY INTEREST RATES 0.92 EUR/CHF 0.7 INFLATION 0.5 10-YEAR RATE 0.80 USD/CHF 3.0 UNEMPLOYMENT 4.0 PROPERTY PRICE INDEX 80 BRENT USD/BARREL ➢ Outlook of key Swiss economic indicators over the next six months
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18 The first half of 2026 reflects the Bank’s strong business momentum and disciplined risk management The Bank expects to improve upon ts 2025 results in 2026
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Banque Cantonale de Genève Thank you 19
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0.94 0.79 70 © Banque Cantonale de Genève. This document may not be considered to be an offer, recommendation, advice (in particular investment advice) or solicitation to buy, sell or transfer any of the financial securities mentioned in this document or any other related financial instrument. It does not constitute “financial research” as defined in the “Directives on the Independence of Financial Research” of the Swiss Bankers Association. Before making any investment decisions, the reader should consult an expert in taxes, accounting, real estate or other related field. The information contained in this document is not intended to replace or substitute legal, real estate or tax advice, or other advice, consultations or services. The Banque Cantonale de Genève cannot guarantee the accuracy, completeness or reliability of the information contained in this document, as it is provided for informational purposes only and is subject to change without notice. The reader alone is responsible for any investment decision they make. This document is not intended for natural or legal persons who, because of their nationality, their place of residence or for any other reason, are subject to jurisdictions that might prohibit or limit its use. The services, products and financial services mentioned in this document are not offered to persons residing in the US and are not otherwise available in the US. Only the French version of this document is binding. Banque Cantonale de Genève Quai de l’Ile 17 1204 Geneva Tel: +41 (0) 58 211 21 00 www.bcge.ch 20