Brief: Banque Cantonale Vaudoise FY net profit at CHF 310 mln

Banque Cantonale Vaudoise

16/02/2017 05:23

Feb 16 (Reuters) - Banque Cantonale Vaudoise  BCVN.S : 
    * Will propose an ordinary dividend of 23 Swiss francs per 
share and a special distribution of 10 francs per share out of 
paid-in reserves 
    * Fy total revenues fell 6% year on year to 967 million 
Swiss francs  ($963.53 million)despite slightly higher business 
volumes 
    * Fy net interest income dropped 3% to CHF 478 mln owing to 
new provisions for credit risk 
    * Fy commission and fee income decreased 7% to 308 mln Swiss 
francs 
    * Fy net profit came in at 310 mln Swiss francs, down 8% 
from 2015 but higher than in 2013 and 2014 
    * Fy 2017 results are expected to trend along same lines as 
in prior years 
 
Source text - http://bit.ly/2lTkJoE 
     
Further company coverage:  BCVN.S  
 
($1 = 1.0036 Swiss francs) 
 
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