Profits climb at Valiant
Valiant Holding has recorded healthy profit growth for the first half of the year. The Berne-based banking group disclosed a 16.3 per cent increase in profits, which reached SFr26 million ($15 million).
Valiant Holding was formed in 1997 through the merger of three Swiss banks: Spar & Leihkasse Bern, Gewerbekasse Bern and BB Bank Belp. Bank in Langenau merged into the group in 1998.
The company provides commercial loans and is also involved in securities trading. It has 57 offices in the Guerbe Valley, Fraubrunnen, Laupen and Berne.
Over the first six months of the year, revenue on loans – the group’s principal source of revenue – rose 8.7 per cent to reach SFr91.2 million.
swissinfo with agencies
More
What Trump’s return or a new Harris administration would mean for Switzerland
More
Documentary portrays Swiss teenagers forced to return to parents’ homeland
More
Gold-digging: why some Swiss bury their wealth in the garden
More
Love at new heights: Swiss hiker creates ‘Tinder for the mountains’
More
Davos entourages will face 10-fold price increase next year
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.