08/18/2022 | Press release | Distributed by Public on 08/17/2022 21:59
Presentation in accordance with the Swiss accounting standards for banks | |||||||||||||||||||
Consolidated balance sheet | 31 Dec. | 31 Dec. | 31 Dec. | 31 Dec. | 30 Jun. | 31 Dec. | 30 Jun. | 31 Dec. | 30 Jun. | 31 Dec. | 30 Jun. | 31 Dec. | 30 Jun. | 31 Dec. | 30 Jun. | 31 Dec. | 30 Jun. | 31 Dec. | 30 Jun. |
in CHF millions | 2011 | 2012 | 2013 | 2014 | 2015 | 2015 | 2016 | 2016 | 2017 | 2017 | 2018 | 2018 | 2019 | 2019 | 2020 | 2020 | 2021 | 2021 | 2022 |
Cash and cash equivalents | 1,711 | 4,734 | 4,669 | 4,960 | 6,666 | 6,861 | 7,152 | 7,496 | 7,556 | 8,044 | 7,383 | 8,235 | 7,724 | 8,384 | 9,621 | 11,550 | 11,696 | 12,600 | 12,923 |
Due from banks | 2,938 | 1,696 | 1,073 | 1,482 | 1,568 | 1,810 | 2,399 | 1,373 | 1,478 | 1,013 | 1,414 | 1,921 | 957 | 1,186 | 1,045 | 1,347 | 2,408 | 952 | 1,906 |
Reverse repurchase agreements | 191 | 311 | 536 | 415 | 307 | 280 | 276 | 306 | 319 | 499 | 321 | 314 | 282 | 239 | 272 | 236 | 193 | 158 | 171 |
Loans and advances to customers | 5,760 | 4,984 | 5,372 | 5,675 | 5,215 | 4,935 | 4,696 | 4,812 | 4,942 | 4,826 | 5,404 | 5,677 | 6,027 | 5,752 | 5,855 | 5,812 | 6,087 | 6,209 | 6,488 |
Mortgage loans | 22,047 | 22,845 | 23,357 | 24,045 | 24,351 | 24,522 | 24,761 | 25,037 | 25,306 | 25,407 | 25,707 | 26,079 | 26,398 | 27,016 | 27,419 | 28,037 | 28,678 | 29,373 | 30,049 |
Trading portfolio assets | 98 | 102 | 360 | 194 | 218 | 155 | 408 | 153 | 214 | 186 | 232 | 334 | 254 | 277 | 280 | 312 | 342 | 200 | 219 |
Positive mark-to-market values of derivative financial instruments | 408 | 246 | 239 | 433 | 291 | 343 | 407 | 281 | 247 | 282 | 299 | 268 | 257 | 273 | 308 | 321 | 338 | 368 | 1,073 |
Other financial assets at fair value | 364 | 405 | 416 | 485 | 544 | 581 | 526 | 630 | 609 | 653 | 705 | 621 | 687 | 784 | 712 | 886 | 1,193 | 1,212 | 944 |
Financial investments | 2,975 | 3,101 | 3,146 | 3,259 | 3,032 | 3,140 | 3,356 | 3,234 | 3,618 | 3,753 | 3,740 | 3,767 | 3,851 | 3,811 | 4,171 | 4,084 | 4,054 | 4,287 | 4,715 |
Accrued income and prepaid expenses | 206 | 198 | 195 | 117 | 103 | 106 | 95 | 107 | 71 | 91 | 65 | 80 | 70 | 85 | 66 | 87 | 61 | 67 | 59 |
Non-consolidated holdings | 88 | 52 | 50 | 54 | 48 | 48 | 48 | 70 | 70 | 70 | 70 | 70 | 69 | 69 | 69 | 69 | 69 | 86 | 86 |
Tangible fixed assets | 628 | 621 | 602 | 577 | 556 | 558 | 518 | 517 | 502 | 519 | 434 | 445 | 427 | 433 | 410 | 412 | 394 | 393 | 374 |
Intangible assets | 35 | 37 | 32 | 27 | 25 | 23 | 18 | 16 | 14 | 12 | 11 | 9 | 7 | 5 | 4 | 2 | 1 | 0 | 0 |
Other assets | 157 | 151 | 130 | 96 | 155 | 56 | 87 | 54 | 133 | 57 | 76 | 42 | 125 | 36 | 36 | 31 | 49 | 46 | 46 |
Assets | 37,606 | 39,483 | 40,177 | 41,819 | 43,079 | 43,418 | 44,747 | 44,085 | 45,079 | 45,415 | 45,860 | 47,863 | 47,135 | 48,352 | 50,268 | 53,186 | 55,564 | 55,952 | 59,053 |
Due to banks | 1,543 | 1,508 | 1,103 | 1,156 | 1,474 | 1,224 | 1,701 | 1,070 | 1,332 | 1,398 | 1,554 | 2,655 | 1,910 | 1,703 | 2,648 | 2,948 | 4,041 | 3,378 | 4,005 |
Repurchase agreements | 814 | 939 | 860 | 960 | 2,019 | 1,738 | 2,892 | 1,791 | 2,378 | 1,350 | 1,364 | 1,809 | 1,932 | 1,502 | 2,255 | 2,781 | 1,867 | 1,458 | 3,739 |
Customer deposits | 25,155 | 26,544 | 27,557 | 28,532 | 28,330 | 28,877 | 28,419 | 29,245 | 29,477 | 30,512 | 31,031 | 31,375 | 31,258 | 33,048 | 33,719 | 35,424 | 37,172 | 38,195 | 37,931 |
Trading portfolio liabilities | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 2 | 2 | 1 | 1 | 1 | 2 | 3 |
Negative mark-to-market values of derivative financial instruments | 444 | 378 | 303 | 446 | 383 | 331 | 361 | 244 | 198 | 205 | 239 | 236 | 253 | 213 | 276 | 329 | 185 | 273 | 546 |
Other financial liabilities at fair value | 441 | 499 | 537 | 564 | 617 | 666 | 650 | 771 | 810 | 812 | 851 | 766 | 826 | 918 | 788 | 969 | 1,333 | 1,340 | 1,127 |
Medium-term notes | 209 | 131 | 81 | 57 | 47 | 40 | 29 | 21 | 18 | 15 | 11 | 7 | 4 | 3 | 2 | 2 | 2 | 2 | 1 |
Bonds and mortgage-backed bonds | 5,384 | 5,837 | 6,064 | 6,439 | 6,597 | 6,873 | 7,105 | 7,267 | 7,250 | 7,392 | 7,205 | 7,244 | 7,321 | 7,094 | 6,884 | 6,911 | 7,226 | 7,313 | 7,406 |
Accrued expenses and deferred income | 215 | 231 | 225 | 217 | 221 | 219 | 197 | 184 | 162 | 172 | 147 | 156 | 133 | 154 | 127 | 145 | 129 | 139 | 122 |
Other liabilities | 79 | 83 | 74 | 44 | 74 | 35 | 108 | 56 | 135 | 87 | 81 | 77 | 82 | 114 | 111 | 75 | 142 | 183 | 625 |
Provisions | 20 | 18 | 51 | 63 | 74 | 18 | 16 | 16 | 16 | 15 | 17 | 15 | 12 | 16 | 19 | 27 | 23 | 24 | 24 |
Liabilities | 34,305 | 36,168 | 36,855 | 38,478 | 39,836 | 40,021 | 41,477 | 40,666 | 41,779 | 41,958 | 42,500 | 44,341 | 43,731 | 44,766 | 46,832 | 49,612 | 52,123 | 52,308 | 55,527 |
Reserves for general banking risks | 704 | 704 | 704 | 704 | 704 | 704 | 704 | 701 | 701 | 701 | 701 | 701 | 701 | 701 | 701 | 666 | 666 | 666 | 666 |
Share capital | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 |
Capital reserve | 360 | 275 | 192 | 106 | 21 | 292 | 206 | 207 | 121 | 121 | 35 | 35 | 35 | 35 | 36 | 36 | 36 | 36 | 36 |
Retained earnings | 1,839 | 1,950 | 2,072 | 2,163 | 2,270 | 1,999 | 2,137 | 2,137 | 2,249 | 2,249 | 2,371 | 2,371 | 2,419 | 2,419 | 2,472 | 2,472 | 2,493 | 2,493 | 2,554 |
Currency translation reserve | -1 | -1 | -1 | -1 | -1 | -2 | -2 | -2 | -2 | -1 | -1 | -1 | -1 | -2 | -2 | -2 | -2 | -2 | -2 |
Own shares | -8 | -11 | -11 | -13 | -16 | -18 | -19 | -19 | -20 | -19 | -19 | -20 | -19 | -18 | -16 | -15 | -12 | -15 | -11 |
Minority interests in equity | 20 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net profit | 301 | 311 | 280 | 296 | 179 | 336 | 157 | 310 | 164 | 320 | 188 | 350 | 182 | 363 | 158 | 331 | 173 | 379 | 197 |
Shareholders' equity | 3,301 | 3,315 | 3,322 | 3,341 | 3,243 | 3,397 | 3,270 | 3,420 | 3,299 | 3,457 | 3,361 | 3,522 | 3,403 | 3,586 | 3,435 | 3,574 | 3,441 | 3,644 | 3,526 |
Total liabilities and shareholders' equity | 37,606 | 39,483 | 40,177 | 41,819 | 43,079 | 43,418 | 44,747 | 44,085 | 45,079 | 45,415 | 45,860 | 47,863 | 47,135 | 48,352 | 50,268 | 53,186 | 55,564 | 55,952 | 59,053 |
Consolidated income statement | Full-year | Full-year | Full-year | Full-year | Half-year | Full-year | Half-year | Full-year | Half-year | Full-year | Half-year | Full-year | Half-year | Full-year | Half-year | Full-year | Half-year | Full-year | Half-year |
in CHF millions | 2011 | 2012 | 2013 | 2014 | 2015 | 2015 | 2016 | 2016 | 2017 | 2017 | 2018 | 2018 | 2019 | 2019 | 2020 | 2020 | 2021 | 2021 | 2022 |
Interest and discount income | 735.8 | 712.3 | 672.7 | 652.5 | 316.1 | 628.7 | 302.1 | 599.0 | 291.5 | 576.4 | 282.8 | 573.1 | 289.2 | 570.3 | 262.4 | 511.2 | 241.9 | 480.5 | 240.1 |
Interest and dividend income from financial investments | 58.4 | 57.9 | 56.3 | 54.2 | 24.1 | 47.4 | 21.9 | 40.3 | 18.7 | 34.7 | 16.7 | 31.0 | 15.7 | 27.9 | 12.8 | 22.6 | 9.2 | 18.0 | 8.7 |
Interest expense | -260.4 | -250.3 | -227.0 | -202.4 | -93.2 | -186.9 | -82.2 | -156.7 | -59.1 | -113.3 | -52.9 | -108.0 | -52.4 | -101.4 | -33.4 | -59.4 | -14.6 | -26.0 | -12.9 |
Net interest income before loan impairment charges/reversals | 533.8 | 519.9 | 502.0 | 504.3 | 247.0 | 489.2 | 241.8 | 482.5 | 251.1 | 497.8 | 246.5 | 496.1 | 252.5 | 496.9 | 241.8 | 474.4 | 236.5 | 472.6 | 235.8 |
Loan impairment charges/reversals | 4.4 | 4.4 | 8.2 | 16.3 | 7.4 | 0.9 | 0.9 | -4.7 | -4.0 | -20.2 | -3.5 | -5.9 | 0.7 | 9.8 | -12.9 | -15.1 | -9.5 | -8.2 | -0.6 |
Net interest income after loan impairment charges/reversals (NII) | 538.2 | 524.3 | 510.2 | 520.6 | 254.5 | 490.1 | 242.7 | 477.8 | 247.1 | 477.6 | 243.0 | 490.1 | 253.1 | 506.7 | 228.9 | 459.4 | 227.0 | 464.4 | 235.2 |
Fees and commissions on securities and investment transactions | 291.8 | 281.9 | 285.4 | 280.0 | 136.5 | 263.3 | 122.1 | 241.5 | 122.9 | 250.3 | 126.5 | 250.2 | 127.3 | 259.4 | 131.0 | 266.6 | 149.4 | 312.1 | 152.2 |
Fees and commissions on lending operations | 47.2 | 50.2 | 44.5 | 44.9 | 23.2 | 42.7 | 22.8 | 42.2 | 24.0 | 44.6 | 22.9 | 46.1 | 24.6 | 44.5 | 19.9 | 36.2 | 20.7 | 42.1 | 22.7 |
Fees and commissions on other services | 73.1 | 79.1 | 76.7 | 82.5 | 39.0 | 80.9 | 37.7 | 75.2 | 35.4 | 71.8 | 35.2 | 72.6 | 35.8 | 73.6 | 31.2 | 63.0 | 32.9 | 67.8 | 35.2 |
Fee and commission expense | -71.9 | -64.2 | -65.3 | -64.0 | -27.6 | -54.6 | -24.9 | -51.0 | -23.8 | -50.3 | -25.2 | -51.7 | -26.6 | -54.6 | -25.8 | -55.5 | -29.5 | -64.7 | -30.7 |
Net fee and commission income | 340.2 | 347.0 | 341.3 | 343.4 | 171.0 | 332.3 | 157.7 | 307.9 | 158.5 | 316.4 | 159.4 | 317.2 | 161.2 | 322.9 | 156.3 | 310.2 | 173.5 | 357.3 | 179.4 |
Trading income on fixed-income instruments and equity securities | 21.6 | 38.2 | 16.4 | ||||||||||||||||
Trading income on foreign currencies, banknotes, and precious metals | 124.9 | 117.5 | 70.7 | ||||||||||||||||
Trading fee and commission expense | -7.4 | -12.5 | -4.0 | ||||||||||||||||
Net trading income and fair-value adjustments | 114.9 | 113.1 | 112.8 | 106.4 | 78.8 | 150.5 | 67.5 | 139.2 | 69.0 | 133.9 | 65.2 | 128.1 | 59.6 | 128.1 | 73.0 | 139.2 | 71.5 | 143.2 | 83.0 |
Gains/losses on disposals of financial investments | 10.7 | 5.9 | 1.8 | 3.2 | 2.3 | 11.4 | 3.6 | 6.4 | 1.0 | 2.5 | 0.8 | 2.1 | 0.3 | 0.5 | 0.2 | 2.0 | 3.3 | 4.3 | 10.0 |
Income from equity investments | 5.5 | 4.8 | 9.6 | 4.3 | 5.1 | 15.3 | 5.1 | 5.5 | 5.7 | 6.2 | 10.8 | 11.9 | 12.4 | 13.7 | 4.9 | 6.5 | 3.0 | 5.5 | 3.8 |
Real-estate income | 10.4 | 11.3 | 11.5 | 11.0 | 5.2 | 10.7 | 5.4 | 11.0 | 5.4 | 10.9 | 3.7 | 7.5 | 3.8 | 7.5 | 3.4 | 7.1 | 3.5 | 7.0 | 3.2 |
Miscellaneous ordinary income | 9.4 | 9.5 | 15.2 | 21.9 | 12.3 | 22.1 | 12.3 | 21.6 | 10.4 | 20.0 | 10.2 | 20.0 | 11.3 | 22.9 | 10.4 | 21.2 | 11.4 | 24.3 | 11.0 |
Miscellaneous ordinary expenses | -7.0 | -1.1 | -3.1 | -0.8 | -2.9 | -6.8 | -0.2 | -2.3 | -0.3 | -0.9 | -0.1 | -0.3 | -0.1 | -0.3 | -0.2 | -0.4 | 0.0 | -0.6 | -1.4 |
Other ordinary income | 29.0 | 30.4 | 35.0 | 39.6 | 22.0 | 52.7 | 26.2 | 42.1 | 22.2 | 38.7 | 25.3 | 41.1 | 27.7 | 44.3 | 18.8 | 36.4 | 21.2 | 40.5 | 26.7 |
Total income from ordinary banking operations | 1,022.3 | 1,014.8 | 999.3 | 1,010.0 | 526.3 | 1,025.6 | 494.1 | 967.1 | 496.7 | 966.6 | 492.9 | 976.5 | 501.6 | 1,002.0 | 477.1 | 945.2 | 493.2 | 1,005.4 | 524.3 |
Personnel costs | -339.2 | -334.7 | -337.3 | -339.0 | -170.3 | -337.2 | -171.2 | -338.0 | -170.9 | -337.0 | -169.1 | -332.7 | -170.8 | -339.3 | -173.3 | -339.2 | -178.2 | -349.3 | -177.7 |
Other operating expenses | -193.0 | -189.9 | -182.6 | -178.9 | -88.2 | -177.0 | -87.0 | -170.7 | -86.5 | -171.4 | -85.3 | -167.5 | -84.1 | -165.2 | -79.6 | -156.2 | -78.2 | -155.8 | -83.1 |
Operating expenses | -532.2 | -524.6 | -519.9 | -517.9 | -258.5 | -514.2 | -258.2 | -508.7 | -257.5 | -508.4 | -254.4 | -500.2 | -255.0 | -504.5 | -252.9 | -495.4 | -256.4 | -505.2 | -260.9 |
Depreciation and amortization of fixed assets and impairment on equity investments | -83.9 | -86.2 | -85.7 | -79.7 | -38.7 | -75.6 | -37.1 | -72.4 | -35.6 | -70.4 | -35.8 | -68.8 | -35.7 | -71.3 | -37.0 | -72.1 | -36.8 | -72.0 | -36.0 |
Other provisions and losses | -11.7 | -3.0 | -40.8 | -33.8 | -27.0 | -37.1 | -0.9 | -2.7 | -0.2 | -1.2 | -3.0 | -4.7 | -1.9 | -7.2 | -8.2 | -5.0 | 3.0 | 0.6 | -0.9 |
Operating profit | 394.5 | 401.0 | 352.9 | 378.6 | 202.0 | 398.7 | 197.9 | 383.4 | 203.5 | 386.5 | 199.8 | 402.9 | 209.0 | 418.9 | 179.0 | 372.7 | 202.9 | 428.8 | 226.6 |
Extraordinary income | 4.1 | 3.7 | 11.2 | 2.6 | 28.0 | 28.6 | 0.9 | 6.7 | 1.4 | 16.8 | 33.8 | 34.9 | 0.2 | 0.7 | 3.1 | 4.8 | 0.2 | 12.6 | 0.1 |
Extraordinary expenses | -7.8 | -1.6 | -0.1 | 0.0 | 0.0 | 0.0 | -0.0 | 0.0 | -0.0 | 0.0 | -0.0 | 0.0 | -0.1 | -0.2 | -0.0 | -0.1 | -0.0 | -0.2 | -0.0 |
Change in reserves for general banking risks | 3.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||
Taxes | -89.7 | -92.0 | -83.9 | -85.1 | -50.6 | -91.0 | -42.1 | -83.5 | -41.0 | -83.1 | -45.9 | -88.1 | -26.8 | -56.6 | -24.3 | -46.7 | -29.8 | -62.5 | -29.9 |
Net profit | 301.1 | 311.1 | 280.1 | 296.1 | 179.4 | 336.3 | 156.7 | 309.6 | 163.8 | 320.3 | 187.6 | 349.7 | 182.4 | 362.9 | 157.8 | 330.8 | 173.3 | 378.7 | 196.8 |
Minority interests | 1.0 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | -0.0 | 0.0 | -0.0 | 0.0 | -0.0 | 0.0 | -0.0 | 0.0 | -0.0 | 0.0 | -0.0 | 0.0 | -0.0 |
Net profit attributable to BCV shareholders | 302.1 | 311.0 | 280.1 | 296.1 | 179.4 | 336.3 | 156.7 | 309.6 | 163.8 | 320.2 | 187.6 | 349.7 | 182.4 | 362.9 | 157.8 | 330.8 | 173.3 | 378.7 | 196.8 |