Reports
Profits Down at Lugano Private Bank
Pre-tax profits at Lugano-based Banca Commerciale Lugano fell 31 per cent to SFr1.9 million ($1.54 million) in the first half on 5 per cent ...
Pre-tax profits at Lugano-based Banca Commerciale Lugano fell 31 per cent to SFr1.9 million ($1.54 million) in the first half on 5 per cent lower revenues of SFr12.8 million. The bank had 59 employees and client assets of SFr1.0 billion in December 2005. As well as private banking, Banca Commerciale Lugano specialises in trade finance. The bank is owned by members of the Rovelli family.
