Brief: St Galler Kantonalbank AG H1 Net Profit At CHF 108.4 Mln

St Galler Kantonalbank AG

16/08/2023 05:33

Aug 16 (Reuters) - ST GALLER KANTONALBANK AG  SGKN.S :
    * ST.GALLER KANTONALBANK (SGKB) GENERATED A PROFIT OF CHF
108.4
MILLION (+18.9 %) IN THE FIRST HALF OF 2023
    * AS OF THE END OF JUNE, IT MANAGED CHF 58.4 BILLION IN
CLIENT
ASSETS
    * NEW ADDITIONS DUE TO THE TAKEOVER OF CREDIT SUISSE BY UBS
STRENGTHEN THIS GROWTH IN BOTH CLIENT ASSETS AND CLIENT LOANS
    * H1 THE NET PROFIT OF CHF 108.4 MILLION IS 18.9 % ABOVE THE
PREVIOUS YEAR
    * H1 THE GROSS PROFIT FROM THE INTEREST BUSINESS INCREASED
BY 27.2
% TO CHF 190.6 MILLION
    * OUTLOOK 2023: ST.GALLER KANTONALBANK CONTINUES TO EXPECT A
RESULT ABOVE THE PREVIOUS YEAR FOR THE 2023 FINANCIAL YEAR

Further company coverage:  SGKN.S 

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