Brief: St Galler Kantonalbank H1 Consolidated Profit Down 3% To CHF 91.2 Million

St Galler Kantonalbank AG

17/08/2022 06:12

Aug 17 (Reuters) - St Galler Kantonalbank AG  SGKN.S :
    * AT CHF 91.2 MILLION, H1 CONSOLIDATED PROFIT IS DOWN BY
(NOT UP)
CHF 2.8 MILLION (-3.0%)
    * BASED ON THE UNCERTAIN GEOPOLITICAL AND ECONOMIC
SITUATION,
ST.GALLER KANTONALBANK ADJUSTS ITS EXPECTATION FOR THE BUSINESS
YEAR 2022 AND ASSUMES A CONSOLIDATED PROFIT BELOW THE PREVIOUS
YEAR, BUT WITH A CONSTANT DIVIDEND
    * H1 LOANS TO CLIENTS INCREASE BY 3.3% TO CHF 29.5 BILLION
    * H1 OPERATING PROFIT 245.9 MILLION CHF, - 2.9 %

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Further company coverage:  SGKN.S 

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