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Banque Cantonale de Genève (BCGE) investor relations material

Banque Cantonale de Genève H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary18 Aug, 2025

Executive summary

  • Strong business momentum and good cost control characterized the first half of 2025, with assets under management rising 0.4% to CHF 37.1 billion and client loans up 2.7% to CHF 21.1 billion.

  • Operating profit fell 18.9% to CHF 111 million and net profit declined 19.0% to CHF 94 million, mainly due to lower interest rates and a fragile macroeconomic environment.

  • Equity capital increased by 1.9% to CHF 2.4 billion, with a robust capital ratio of 16.6%, well above regulatory requirements.

Financial highlights

  • Operating income decreased 7.7% year-over-year to CHF 276 million, while operating expenses rose 1.2% to CHF 152 million.

  • Net interest income dropped 16.6% to CHF 164 million, but commission income grew 6.1% to CHF 77 million and trading operations rose 5.5% to CHF 21 million.

  • Cost/income ratio stood at 54.9%, reflecting lower interest rates and effective cost control.

  • Return on equity (ROE) from operating profit was 9.5%, down from 12.4% a year earlier.

Outlook and guidance

  • Results for 2025 are expected to be lower than 2024 due to the ongoing low interest rate environment and a more fragile macroeconomic outlook.

Future NII strategy given rate environment
Default risk adjustments increase drivers
Sustaining productivity with stable FTE count
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