Banque Bauer (Suisse), a small Geneva-based private bank, recently released its results for 2004, which showed an operating profit of SFr56,...

Banque Bauer (Suisse), a small Geneva-based private bank, recently released its results for 2004, which showed an operating profit of SFr56,000 ($44,478), compared with a loss of SFr2.4 million in 2003, according to reports in the Swiss press. The marginal profit was achieved on strong revenue growth of SFr3.5 million in 2004. During the year, the bank increased its share capital from SFr4.9 million to SFr25 million. The bank said it had moved into institutional fund management, which bolstered the 2004 results. Eduard von Reden resigned as chief executive early last year. He was replaced by Johannes Seuferle on October 1. Based in Geneva, the bank employs nine people. Formerly known as Banque Artesia (Suisse), it was acquired in 2002 by Bankhaus Bauer of Stuttgart, part of the Schuppli financial group owned by the Schuppli family of Wiesbaden.