Earnings release
Page 1
KBCV Banque Cantonale Vaudoise Press release ( Ad hoc announcement pursuant to Art . 53 LR ) BCV Group H1 2026 net profit up 5 % to CHF 225m BCV Group delivered strong H1 2026 results . Revenues were up 2 % to CHF 593m in a low - interest - rate environment . Operating profit increased 5 % to CHF 263m and net profit rose 5 % to CHF 225m . * Revenues up 2 % Total revenues were up 2 % year on year to CHF 593m . Net interest income was stable at CHF 268m , with expanding loan volumes offsetting the impact of the low- interest - rate environment . Fee and commission income rose 5 % to CHF 206m , as positive financial - market trends helped drive wealth - management business . Net trading income increased 3 % to CHF 102m , helped by strong business volumes in structured products . Other ordinary income was broadly stable ( + 1 % ) at CHF 17m . Operating profit up 5 % Operating expenses came in at CHF 287m ( + 2 % ) , reflecting firm cost control . Personnel costs were up 1 % to CHF 201m . Other operating expenses increased 3 % to CHF 87m . Depreciation and amortization declined 5 % to CHF 40m . Operating profit rose 5 % to CHF 263m . Net profit up 5 % The Bank recorded a tax expense of CHF 38m . Net profit was up 5 % to CHF 225m . The ROE of 11.3 % is one of the highest in BCV's peer group . Balance sheet growth Total assets amounted to CHF 63.3bn , up CHF 1.7bn ( + 3 % ) on the end - 2025 figure . Mortgage lending expanded 2 % , or CHF 755m , to CHF 36.3bn in a still- dynamic real - estate market . Other loans increased 3 % to CHF 6.6bn . On the liabilities side , customer deposits grew 3 % to CHF 39.4bn . Net fund inflows of CHF 2.4bn The Group's assets under management rose 6 % , or CHF 7.7bn , to CHF 141.8bn . Net new money totaled CHF 2.4bn and came from retail - banking , wealth- management , and institutional clients . Investment performance drove AuM up by CHF 5.3bn .