Brief: Swissquote Group Holding activates provision of 25 mln CHF

Swissquote Holding SA

16/01/2015 06:27

Jan 16 (Reuters) - Swissquote Group Holding SA  SQN.S : 
    * Says clients were anticipating weakening Swiss franc 
against euro and the drop of up to 15 percent has prompted bank 
to activate a provision of 25 million Swiss francs 
    * Says provision will influence results in H1 2015, without 
affecting profitability and solidity of the bank 
    * Says even with this provision, bank will have core capital 
ratio (Tier I) of about 17 percent 
    * Says strong growth in all business segments will generate 
record revenues of about 145 million Swiss francs for FY 2014, 
with a pre-tax profit of about 28 million Swiss francs 
 
Source text: http://bit.ly/1E6sJ94 
Further company coverage:  SQN.S  
 
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Keywords: SWISSQUOTE GROUP/BRIEF