Reports
Operating Profits Rise At Switzerland's BCV
Switzerland’sBanque Cantonale Vaudoise reported a 2 per cent year-on-year rise in operating profit of SFr121 million (around $132.4 million) in the first three months of 2012, while business volumes and revenues also rose.
BCV Group’s first-quarter revenues showed a slight year-on-year increase to SFr253 million. Interest income rose by 3 per cent to SFr132 million and fee and commission income held steady at SFr88 million.
Group assets under management rose 3 per cent to SFr79.4 billon. Net new money amounted to SFr149 million for the period.
