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valiant Media release Bern , 6 May 2021 Valiant with a successful start to 2021 Valiant's consolidated net profit rose by 1.5 % to CHF 26.5 million in first quarter of 2021 . The bank is making rapid progress with its geographical expansion . Valiant is on track with the implementation of its Strategy 2024 and is continuing on its growth trajectory . It achieved consolidated net profit of CHF 26.5 million in the first quarter of 2021 , an increase of 1.5 % on the year - earlier period . Valiant increased its operating income by 6.4 % to CHF 101.6 million and its operating profit by 2.7 % to CHF 32.3 million . “ Our operating business continues to be very strong , " says CEO Ewald Burgener . " The encouraging results show that our strategy and business model are standing the test . " Strong interest business In interest business , Valiant is continuing the encouraging performance of the previous quarters . Net interest income before value adjustments climbed by 3.8 % to CHF 83.3 million . Valiant was also able to considerably lower interest expense in the first quarter of 2021. Active asset and liability management and the issuance of covered bonds contributed substantially to this . Valiant has a high - quality and robust loan portfolio . In the first quarter of 2021 , value adjustments for credit risk of CHF 3.6 million were recognised . This resulted in net interest income after value adjustments of CHF 79.8 million , marking a very good increase of 5.9 % over the same period in the previous year . Successful investment business – with accolades Fee and commission income remained stable at CHF 16 million . Valiant's measures to strengthen its securities and investment business and to hire additional specialists are paying off . It increased commission income from securities trading and investment activities by 1.3 % over the same period in the previous year to CHF 11.9 million . In March 2021 , Valiant's strategy fund " Helvétique Dynamisch " won the Refinitiv Lipper Fund Award Switzerland * in the mixed asset CHF category over a three - year period . The award is a clear affirmation of Valiant's strong investment expertise . Valiant increased net other operating income by 18.4 % to CHF 1.8 million . Valiant Bank AG , Corporate Communications , Bundesplatz 4 , P.O. Box , CH - 3001 Bern , +41 ( 0 ) 31 320 91 91 , www.valiant.ch