Brief: Graubuendner Kantonalbank changes investments in Zurich private banks

Graubuendner Kantonalbank

22/04/2016 16:32

April 22 (Reuters) - Graubuendner Kantonalbank  GRKP.S : 
    * Changes investments in Zurich private banks 
    * Increases stake in Privatbank Bellerive AG to 100 percent, 
sells 50 percent stake in Private Client Bank AG 
    * Sale of stake in Private Client Bank AG reduces income 
from commission and fees by about 15 percent 
    * Still sees 2016 net profit of 166 million Swiss francs - 
171 million Swiss francs  
 
Source text for Eikon:  ID:nTENq9zema  
Further company coverage:  GRKP.S  
 
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