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Operating Profits Rise At Switzerland's BCV
Tom Burroughes
3 May 2012
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.